100% return in 3 months - Time for correction #Escorts

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Escorts is one of the best stocks out there in the NSE. People who held the stock patiently since 2011-2013 have been handsomely rewarded with the profits on paper that they would have made.

The company's share price has increased by over a 1000% in the last 4 years. 295% in the last 1 year and 100% in the last 3 months. These returns are astronomical by any stretch of measure.

Seeing the increase in share price of some of these stocks would make one go down the memory lane and feel that we might be living in 2006-2007 again. While I am not of the opinion that we are in a crazy buying scenario as we were in the lead up to GFC but one would find it hard to deny that some of the rapid increase in share price we have seen in Indian stocks in the past few months is nothing short of hysteria.

This stock reminds me of all of the above. Market Timing is not an exact science but rather a sport based on probabilities. I would be careful to go long on this stock at this price but feel that this might be a good opportunity to short this stock at this stage.
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