Hindware is definately overvaluated at present.
But i follow philip fisher advise for sell.
He donot recommand seeling stock on high PE.
There are 2 different views for selling stock
1…AS PER PHILIP FISHER,
“DURING JOURNEY OF STOCK LIFE, THERE WILL BE MULTIPLE TIMES WHEN ITS P/E RATIO WILL BE MUCH MUCH HIGHER AND VALUATION WILL BE VERY HIGH.
But he doesnt advise for selling stocks on high pe
There are only and only 3 reasons for sell as per these books
1…If fundaments deteriorate
2…If stock was purchased by mistake
3…Good opportunity available.
2…PETER LYNCH VIEW
However, contrary to this approach, Peter lynch advise for selling on high p/e ratio.
So ,if you are not comfortable with such high PE,you can book profit.
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