ChessMaster wrote:@all - Please someone explain to me how P/E is a measure of value by itself.Yes I understand what it is.
from my own research and subsequent NSE experience of over 7 years, high P/E stocks tend to engage in short rallies due to the belief by public that they are set to announce higher profitability in coming year(s). however, i have used P/E in conjuction wit charting, EPS and dividend policy, hence my study may not be truly empirical
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21