There are only 4 case scenario a stock can possibly trade at a particular point of time.First skill is identifying where ur stock belongs to and take decision accordingly.
1.Low p/e + low future growth = no one cares ( dead stock sideways)
2.Low p/e + high future growth = potential multibagger
3.High p/e + high future growth =Great as long as growth sustain.
4.High p/e + low future = wealth destroyers in making ( get out fast )
Tamil Nadu is heading for a brutally complex hung assembly. Vijay has successfully engineered the most significant electoral disruption in the state's modern history.
Highly likely we see a UDF govt in Kerala (NDA capped at 2 seats max).
In Tamil Nadu, DMK+ holds the advantage, but Vijay is going to shake things up. Expect TVK to grab 15-40 seats and decide who gets the CM chair.Lets see! #Dmk#UDF
Sensex PE at Lowest Level Since May 2020 The Sensex Price-to-Earnings (PE) ratio has fallen to its lowest point since May 2020.Right now, the Sensex PE stands at around 20.2. This is the cheapest valuation in nearly 6 years. In May 2020, it was even lower at about 19.56 during the tough COVID times.
Nifty next 50 available at 17 p/e .Not forward p/e, trailing p/e . Your risk is closing to be negligible considering reward ahead . A bull market is triggering at least 60-70% size of 2023-2024 bullmarket from this point.