Currently the PE is over 61(highest in the last 10 years) and PEG is over 5.5. The earnings have taken a hit in the last few quarters and therefore the PE is appearing to be high. However, the stock price has appreciated by 5.5% today alone. Do you have any insights on when to temporarily ignore the high PE of a company? I ended up selling Aarti Industries yesterday because the PE was already quite high. On the charts it is still in Stage 2.
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