Shares of the company have surged more than 15 per cent in the last 6 months.

The company has given multibagger returns of more than 419 per cent in just 1 year and more than 136 per cent in the last 6 months

The stock has increased by 392 per cent, while the BSE Sensex has increased just by 4.41per cent.

A high PE ratio indicates that market participants expect high levels of earnings and growth in the future. Shares are rising faster than earnings in anticipation of improved earnings.