Majority of the SME spacd is now in overvalued category now. Even broad markets are also trading at relatively higher multiples and the base (reported earnings) itself is on historic highs.
The market and people are just factoring any and every positive update for the companies and good amount of scripts are trading at forward PE rates which are expensive even at FY 26/27.
Plenty money is pumped everywhere and apart from the March 2024 earnings, elections and budget hiccups; whole space is on an one directional journey to the moon from March end.
The SME space do provide opportunities but the risk at the moment is now at its highest levels when looking in the past 4-5 years. You can also measure it by the frequency of the SME IPOs and the oversubscription in those.
Note: I have made a base of 10% cash holdings since last 2 months and do not intend to use it until sideways/bearish sentiments occur on fortnightly basis.
Present view: Hold or sell
Disclosure: Currently I am not holding any of the stocks mentioned in your post.
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