That why my friend when stock is going up dont look for rational because it never did look for one when it was going down.
MFL never had PE of 25-30 . For it to have PE of 25-30 its share price will be 2500-3000.
My personal POV,
Cholro alkali derivative, CPVC,Epicholrohydrine and Chlorotuolene in its arsenal company is going in good direction. Lot of recent capex,R&D center to devlop new chemistry, new land Acquistion for future expansion MCAP should be around 10-12k cr in coming 3-4 years
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