In this falling market, Investor should approach the value investing instead of growth… I strongly feel HMVL is the best value investment opportunity in this market. Results were not good for HMVL for Q1FY19, but looking at the past records, it seems they will manage to post a moderate growth compare to Q1 on account of election in CY19.
Currently, I found a very interesting thing, I have plotted the 1 year forward P/E chart and it is trading below 2 standard deviation… to plot the 1 year forward P/E I have forecasted FY19 P/E at Rs.18.00 against 23.33 in FY18…
I welcome your views on this…
It looks attractive to me at current prices.
Disc: invested