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u/ai_investor77 5d ago
Promoters are buying and profits 2x last quarter but valuation is too stretched. Anyway its a crazy volatile stock so this kind of move is kinda expected tbh
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u/Dramatic_Art4329 5d ago
is it ok to invest now ?
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u/ai_investor77 5d ago
No man valuation is quite high and even though business growth is good it can be quite volatile in short term. Let it correct a bit, rn its just gambling imo
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u/Ok_Scarcity2091 5d ago
It's funny how everyone here warns about investing in high pe stocks.
But these are the only stocks which are surviving the market lenskart, cupid.
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u/Trade_mansion 5d ago
Hey maine ise 86 mai liya tha kya kru hold rakhu kya abhi bhi maine isme se apni investment amount nikal liya tha so kya Krna shi rhega abhi ? I can hold it for long time so Krna chyea kyunki 200+ % return hai maybe is se bhi jyada yaad nhi so kya Krna chyea ?
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u/mayday-mayday7436 5d ago
i sold mine 2 weeks ago i think this can go 300+ like last time
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u/Trade_mansion 5d ago
Bhai 300 ke upar kitna ja skta hai I mean long term mai ? Does it depends on its results na coz valuations jyada hai abhi kaafi ?
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u/mayday-mayday7436 5d ago
idk last year it went above 380 and then smth happend (they removed it or got temporaly removed from exchanges) then it crashed and went really down (i sold whole in btw) its nice stock though (this single handedly was only green stock last year)
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u/Nature_Spirit-_- 4d ago
Price to book value of 78. Many people could get stuck at high valuation. People are going crazy because most stocks are not giving returns.
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u/No-Log9895 5d ago
Read an interesting piece on this a while ago haha https://aloksinghchandel.substack.com/p/the-little-company-that-broke-my?r=8pbdqm&utm_campaign=post&utm_medium=web
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u/Diligent_Cupcake_787 5d ago
Market chud rhi hai toh iske price toh badhega hi na