Are there still some equities with PE multiple of theree digits even after the mayhem of stock market?
Yes, there are. Some equities are still commanding that much of confidence (?) from investors. When most of the front line companies have corrected themselves to reasonable PE, the somewhat obscure or traders favourite companies are still there at that unreasonably high position.
Followings are few companies
Mineral and Metal Trading Corp.
Essar Oil
Reliance Natural Resources
Ispat Industries
It is hard to find justification for such high valuations.
More reading at Link The Economic Times
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