The Runway Train - Caution
Coforge is a large CAP IT stock and historically has demand PE in 33-40 range. but at this stage the PE is 72. the sales are rising and price is also at all time high.
Can stock justify such an high valuation? may be yes? if something is known to buyers about the company that is not public.
Caution till we get clarity.......
Can stock justify such an high valuation? may be yes? if something is known to buyers about the company that is not public.
Caution till we get clarity.......
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