Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more
Olectra Greentech Ltd, part of the passenger vehicle industry, has rallied more than 20% in a month which helped the stock to break out from a consolidation range since July 2023. The breakout has opened room for the stock to head towards 1700 levels in the next 2-3 months, suggest experts. The stock moved in … Read more
Shares of Tata Motors rallied 6% to hit the 52-week high at Rs 802.6 in Friday’s trade, backed by heavy volumes on the NSE. A total of 2,11,18,340 equity shares worth Rs 1,655.5 crore changed hands so far. Meanwhile, the rally in the stock was also led by the government’s plan to replace 800,000 diesel … Read more
