The company has given 201% returns in the last one year. Interestingly, the profit growth in the last one year is also 201%. So technically, the PE ratio today is the same as what it was an year ago. Maybe, it means that the stock’s current price already reflects the anticipated future growth or earnings, and the stock price will consolidate for a while until the CWIP converts into fixed assets which will further result into revenue and PAT growth. Technically on weekly charts, it still seems strong with high relative strength, 200 EMA (pointing sharply upwards) < CMP and VStop and Parabolic SAR giving a go ahead to average up. But this is stock market and you never know what will happen.
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