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FINANCIAL CHRONICLE™ » CHRONICLE™ YouTube » A low risk strategy to pick stocks in a recovering market

A low risk strategy to pick stocks in a recovering market

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EquityChamp

EquityChamp
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EC, past quarterly performance may give an indication but it cannot be a reliable indicator of current and future results.

For example: let's take JKH. The trailing last 4 qtrs eps amounts to 2/84.

The CMP is 155/=. So, its trading at a PE of 54.6, where as the valuation should be around 42/= based on sector (diversified holdings) PE of 14.7 which is approximately same as market PE.

So, in my view the CMP reflects the future prospects of the Company. As you will agree the book value is not a key factor to evaluate stock price and hence i am disregarding it.

judecroos likes this post

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