If you check its PE, it is around 53.
But the hidden PE based on average earning is around 25. Where as its competitors like Borosil trade at 170 PE.
I'm holding this with a minimum expectation of 2x return in 2 years. As once its will stabilize in next 1 year, it will definitely see price re-set.
It has formed a ideal pattern, it has an easy upside of 40% at least.
~ Moto: Always enter in trades with sufficient factor of safety.