Thanks @Surender for your practical and data driven comments. I somewhat agree with you above that in most companies I hold, relating of PE looks dim as they are already highly valued.
This is a big exercise for me to streamline and jot down my thoughts. Would try to do that someday for each stock. For now, to give you a brief of it is exactly what Hiteshji mentioned…to hold such stocks we need a different mindset. It seems data would hardly support an investment thesis in most of these. Future growth drivers are also like sharing a common vision with the promoters & management we trust based on the journey done together in terms of holding and tracking company’s evolution and decision making in both good and bad times……
I would say the process and mindset is more qualitative than quantitative in such cases. For eg. having seen Tata consumer evolve from global focused global beverages to domestic food play consumer products……who would have anticipated each and every piece of this journey except a shared vision and hope? And as hope shapes up as reality you tend to gain further conviction even on the upside….
disc: invested & biased. Not eligible for any advice. Post only for academic purposes. I can be wrong in all my assessments.
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