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Hesai Group's high P/S ratio is backed by its promising revenue outlook. The strong revenue forecasts are expected to keep the share price buoyant unless the analysts have significantly missed their predictions.

The stock market started off on a good note and really picked up speed at 10 pm (GST +8) after a very positive ISM Manufacturing report, which showed just the right balance of growth without too much inflation. On top of that, the tech sector, which was already doing well, received an extra boost from a highly praised report by DELL. By the end of the trading session, stocks closed near their highest points for the day, with more stocks reaching new highs on both maj...

Despite the high P/S ratio, shareholders are sticking with Hesai Group due to its strong revenue growth, which is expected to outpace the broader industry. Hesai's current growth trajectory and future prospects are upholding its share price.