Avantel Limited – Views please

Hi All,

I am a beginner in the forum and also in investing. Just want to run through my understanding for this stock. Opinions on what have not been considered and should be evaluated before buying this stock is welcome.

I generally evaluate a stock for the following:

1. Market w.r.t demand or supported by government policies
2. ROCE - growing/stable in last 3/5 years
3. Operating Margins - Growing/stable in last 5-8 quarters

Basis the above criteria, this company seems to be good investment. Want to get views for the following:

1. The PE is high which is at 51.50
2. Since the margins have shown a growth trajectory for quite few quarters, is it fair to assume that the market has already absorbed this in the current price?

I want to invest in this company for 2 quarters to 1 year.