On a Firm Footing

Is it possible to buy the stock of a consumer products company at the valuation of a commodity stock? The PE of Dabur is 25 and that of Godrej Consumer is 36 based on its September quarter annualised net profit. The multinational stocks in the sector are even more expensive. JVL Agro is quoted at Rs70. At that price, based on the December-quarter results, its PE is 2.38; market-cap is 1.42...

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