There’s No Escaping Mayur Uniquoters Limited’s (NSE:MAYURUNIQ) Muted Earnings Despite A 26% Share Price Rise
Mayur Uniquoters Limited (NSE:MAYURUNIQ) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. Looking further back, the 14% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Although its price has surged higher, given about half the companies in India have price-to-earnings ratios (or “P/E’s”) above 26x, you may still consider Mayur Uniquoters as an attractive investment with its 16.7x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
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