ASIR has the highest ROE in the group. That may be reason for trading at a higher P/E ratio now. I can remember few valuable members (hidden gems) gave some idea about ASIR when it was trading around Rs.20.@EquityChamp wrote:Look at ASIR. Though it is expensive still investors chase behind it. This reflects their confidence on the stock's future.
In addition, globally there were demand for health care and food related stocks from the beginning of this year despite market sell-off and volatility. Those are two of the valuable defensive plays.
Earnings Power Drives Stocks
High return on equity and lower PE stocks offer value
In the past I had LHCL. As I had other attractive opportunities I rotated from LHCL to other stocks.
LHCL has second highest ROE in the group.