Forget about P/E ratio of GMR Infra

Query: GMR Infra is having P/E 1,852.27. Is this share expensive? What will be the effect of this in near future? Tehseen

Thebullishtrends: Good question. It is true that GMR Infra is having low EPS but when you see Infrastructure segment P/E(Price Earning Ratio) is not a problem. As the profits from the Infrastructure industry is very high and the investments are also in higher side but the only thing is it takes time to complete the projects within the time frameIt is very common of High P/E for Infrastructure stocks. Hence you need not to bother about GMR Infra P/E as the company's various projects are under the progress. Forget about GMR Infra P/E and stay invested.