Fidel Softech Limited’s (NSE:FIDEL) 42% Price Boost Is Out Of Tune With Earnings
Fidel Softech Limited (NSE:FIDEL) shares have had a really impressive month, gaining 42% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 50%.
Following the firm bounce in price, given around half the companies in India have price-to-earnings ratios (or “P/E’s”) below 26x, you may consider Fidel Softech as a stock to potentially avoid with its 29x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
Our free stock report includes 2 warning signs investors should be aware of before investing in Fidel Softech. Read for free now.
The earnings growth achieved at Fidel Softech over the last year would be more than acceptable…
