Tata Motors, Zomato & HDFC Bank, each gets different P/E, there is logic to it. Learn why it happens before you buy them or any other stock
Zomato is at a price-to-earning multiple (PE) of 127, Tata Motors at a PE of 41 and HDFC bank at 19. Imagine what would be the price of HDFC Bank today if it was quoting at a PE of 127. Now, don’t get surprised that among the three stocks, HDFC Bank, despite being the best…