I couldnt agree with you more, this is what I often think these days, is it sustainable? doesnt surprise me if some one shares a story of small cap that has run up 3-4 times in last 1 year, with some improvement in fundamental outlook, I dont think I am qualified to say the valuations are not justified, but in general there is lot of optimism. To be specific some tier 2, tier 3 auto supplier have valuations 3-4 times higher than historical avg…
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