Its too early to say but it seems indigo paints is forming upward trend channel. Its still at high PE, but investors are unwilling to sell given the high growth prospect. PE will start to come down during 22-23 fiscal when company's net profits rises. It is advisable for small investors to wait and watch. This scrip will start exploding only after 1-2 years till then don't expect any explosive moves. Downfall risk is always there. Take your advisers word. Thank you.