Expensive still Stove Kraft can be a long term investment idea

Entry in Stovekraft can be taken after a closing above 700. Targets will be 741 and 800. Keep a stop loss at closing below 638. Stove Kraft is a company manufacturing home appliances. Negatives of this company are expensive valuation as the stock trades at a PE of 43.8. Increasing pledging of promoters and declining cash flow. Positives of the stock are that Stove Kraft Ltd. is a company with low debt and book value of the share is increasing since last 2 years.