Dear Hitesh Bhai @hitesh2710
I follow fundamental based investing and had purchased PFC 3-4 years back and it kept languishing around Rs 100-150 and now suddenly the stock has caught market’s fancy and it has breached all time high and moved to Rs 270. The stock has also entered MSCI index and has become a large cap. While the PE is still low at about 4x, the pace of the rally (almost a vertical move) is unnerving. Pasting the all time chart here:
Would love to understand your technical view on the stock…
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