In every bull market, there are always some doubts about valuations of any company, it's how we handle them :
Sustainability :
You should always look if the company can sustain the topline and margins in near to medium term.
Growth Triggers :
Always look at the future prospects of the company, study their management and whether they are going for a big capex.
Volume + Margin Expansion :
If they have any plans to grow the margins by optimising the costs or by removing overheads and other expenses.
I hope you all will learn something from this short note.
(Author - vinod)