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SumanSpeaks Capital Markets & Geopolitical Intelligence  ▪  Estd 2006 VALUATION FRAMEWORKS  ▪  MARKET DYNAMICS Is the Indian Market Overvalued? Or Are You Looking at the Wrong Metrics? Why High-Multiple Stocks Keep Winning the India Growth Story Every few days, television studios and brokerage reports echo the same familiar refrain: "Indian markets are expensive." But reducing a company's worth to a single metric—the Price-to-Earnings (P/E) ratio—is one of the most common analytical mistakes in modern investing. The Indian equity market is not uniformly valued. It is a mosaic of businesses operating at vastly different stages of growth, capital intensity, and execution. While certain pockets undoubtedly command premium valuations, others continue to trade at modest multiples despite improving operational fundamentals. Trailing P/E measures where a business has been, not where it is heading...
Would Jai Balaji Industries Ltd hit Buyer Freeze tomorrow: Probably!!
Apart from the chart which is showing a Super Bullish Pattern, if we look at this stock from fundamental point of view, then also it looks good for the short term investment. 
With the new plant coming up by the middle of April, 2012 and the steel prices showing some buoyancy, the scrip of Jai Balaji Industries Ltd could race past Rs.100 in the coming days according to my sources in Mumbai (Bombay) and Kolkata (Calcutta). Please grab the scrip before it is too late.

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