Valid question @Raghav_Gupta. KEI has an A class management, good growth visibility for next few years, solid moat in UHV cables and industry having tailwinds. Perfect storm (+ve one) to prop up PE. Look at the entire industry – Polycab, KEI, Universal, Finolex – all of them have been related in the last 18-24 months. Sales and Profit growth CAGR for last 3Y > 5Y > 10Y for all of them which clearly indicates the sector is in tailwinds.
I agree with @Parakh on using some technical indicators to choose an exit. Only way to sleep peacefully if you have a high allocation of your portfolio to cables sector.
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