@Harry82 wrote:RPPA ,
Dont compare with NEST , CTC.They are highest dividend payable companies.
Compare with same sector.
COCR is financial sector . compare with another same sector company.
The key factor here is only dividend. As i mentioned my above post. The key is return on equity (m/value of equity) which goes in line with P/E. When the P/E is low ROE is higher. So high demand for that share.
Ex- NESTLE DIV yield 2.83% & COCR div yield @ the price the dividend declared 2.38%.
So.If looking at industry P/E COCR should be at least 60/-.