Nykaa’s sky-high PE and PEG ratios are a hot topic as the market rallies. Critics call Nykaa a Zomato-like hype stock, even as the price keeps rising [1]. Some argue PE is a bad metric for new-age companies, preferring a 2-3 year forward PE to gauge future growth [1].
On the swing-trade front, the chatter centers on breakouts above the 200-day moving average. A recent discussion notes nine stocks closing above their 200 DMAs, a setup that many algo traders monitor for potential buys [2].
• RBL Bank — Axis Securities bullish; Cup & Handle pattern in focus [2].
• Biocon, Coal India, Bank of India — in focus in pre-open trading [2].
• US stock market keeps setting records as AI excitement keeps building, a global backdrop that can influence local sentiment [2].
Bottom line: in a rising market, growth narratives collide with traditional valuation yardsticks, and traders will keep watching 200 DMA breakouts to spot the next swing.
References
Nykaa - Insane PE and PEG ratio, still rising everyday. Another Zomato like hyped stock?
Discusses Nykaa PE/PEG, questions PE as metric, notes SIPs and mutual funds support market, seeks forward PE examples from readers
View sourceIndian stock ideas: breakouts above 200 DMAs, Nifty levels, RBL Bank bullish pattern, Biocon, Coal India, Bank of India focus.
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