Revenues Working Against Future Market Networks Limited’s (NSE:FMNL) Share Price Following 29% Dive
The Future Market Networks Limited (NSE:FMNL) share price has softened a substantial 29% over the previous 30 days, handing back much of the gains the stock has made lately. Still, a bad month hasn’t completely ruined the past year with the stock gaining 71%, which is great even in a bull market.
After such a large drop in price, Future Market Networks may look like a strong buying opportunity at present with its price-to-sales (or “P/S”) ratio of 0.6x, considering almost half of all companies in the Real Estate industry in India have P/S ratios greater than 7.6x and even P/S higher than 21x aren’t out of the ordinary. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced…
