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 70,000 ABP 15.20; HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45