What do you think about Adani Stocks ?
Now that Adani companies have been given clean chit do you think they are still worth investing with PE ratio very high ?
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Once upon a time there existed adag and sahara group and videocon group. Best stocks of that era. What was common? Crony capitalism. As long as the current ruling government will be there, they will do just fine.
Jab tak Modi govt power me hai tabtak to atleast kuchh hone nahi ja rha Adaani ko, not saying they are doing ainw kala dhandha (I don't have that much knowledge)
Don't pay too much attention to the PE ratio of stocks like Adani. You wont get such stocks at cheap prices which have high momentum. The market will demand a premium for it. No valuation method you apply can justify its price. You can only trade them through technicals.
Even Gandhi family had received clean chit, same here
In my view, if you're looking to trade in them, then maybe ya.
But exiting them before election results would be safer.
After results if NDA is back, then consider investing, if INDIA coalition comes, then you'd want to tread with caution.
Election se pehle kharidlo. Iykyk