I have not done any extensive analysis as of now, but one thing I am sure about is, PE expansion for this stock will soon touch its high. Net profit for 2022-23 is approximately 33% higher than last year, but the stock has more than doubled. Such outperformance cannot continue for long. There will either be time correction, which means the stock will consolidate for sometime to match its long term valuation average, which is around 56x EPS, or we can see a price correction which gives us a target price of 962-990 per share.
Disc- Invested
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