I wanted to invest in Bajaj Finance stock, in 2020, just after the crash. It was trading at Rs. 2500 at the time. I talked to an ex-colleague and he told me that the P/E ratio of that stock is extremely high. I did some research and found that the stock was indeed over-valued. So skipped it. Today, 4 years later, the stock has almost tripled and it is currently trading at Rs. 7100. Morals of the story: - A) Your friends are idiots when it comes to investing! Don't listen to them! B) Market sentiment is much strong that technical analytics C) If you feel a company's business will grow in the future, in the long term, invest in it and keep aggregating Bajaj Finance is into providing micro loans for buying mobile phones, laptops etc. and currently if you will observe the society, people are extremely open to taking up these loans to fulfill their short term desires. For a smart person, these no cost EMIs and loans are big no-nos, but majority of Indians don't have upfront cap