In stock market all time high level doesn’t matter compare to which price u bought. It all depends on situation where you enter into that counter.
As Nifty down from 8300 to 7800 means Nifty P/E it self down from 24 – 22. So market relatively down all the stocks which reach to high valuation and normalize the fact with moderate growth for FY16
Now market is not in good mood to give high valuation for any stock. So its good time to enter and buy qlty stocks for 3-5 yrs horizon. There is no change in fundamental of Premco & it’s business model.
Disc : I enter into emaco at 570 level
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