Hi Hitesh,
I was looking for 52 week highs and this one stands out – Ester Industries. Share has risen with high volumes. What puzzles me though is the valuations, which don’t make any sense at all. Market cap of Rs 840 crore vs 1H2016 Net profit of Rs 7.81 crore.
Considering this, is it a good time to look at the sector that includes Jindal Polyfilms? (available at PE of just 10 times). Chart below:
Disclosure: Invested in Ester Industries
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