Stock is currently trading at very high valuations. If any fall happens in the market, affle India can see 1000 points corrections. 5140 is crucial level.
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...
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded. The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here. 3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most...
It's no surprise that some of the companies on NSE Index are currently priced at extremely rich valuations and Bajaj Finance fits that criteria, in my opinion, perfectly. Fundamentally, the company is valued at 65,000 crore market cap which makes it almost as big as two of the largest lenders in India, Bank Of Baroda and Punjab National Bank...