Thank @Mudit.Kushalvardhan for your inputs and I completely agree with your points.
LTI, MapMyIndia and even Affle in IT, Varun bev in FMCG, Polycab in cables and few other companies are growing and that justifies the PE.
Again PE was included because it is an easier parameter to gauge compared to sales/mcap and opportunity size etc.
It’s just that the increasing number of IPOs, QIPs, and the overall market mood, where almost everything is priced to perfection, coupled with very high returns in Mid/Small caps, worries me a bit.
I understand that it’s difficult to time the market, which is why I’m not selling my existing positions. However, currently, I am a bit cautious about adding new positions with very high conviction, so for now, I won’t add anything all at once
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