In January 2023, PE was near to 72. Presently, the PE remains at the same level, while the stock has experienced a 49% increase during this time. ( this is after reaching a peak of 73%). Without PE expansion also a stock can grow if it is continuously giving higher result. And as DII and FII are continuously increasing their stake I hope the result will be on the higher side itself in the coming years.
Disc : Not invested now, will start investing in the range of 550 to 580
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