co has listed at 60-70 P/E and pe has went to 130 in not time.
co’s pat is growing at 30-40% p.a. so 130 pe is not justified so price remains constant for 2-3 years and when earnings came, P/E contracts and its at 28 now
For me, Route mobile should have 35-40 P/E because co. is giving 30% growth guidance for next 3 years and new promoters has came.
Disclaimer – Invested and biased. Not a rec. to buy or sell
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