Why Investors Shouldn’t Be Surprised By BLS E-Services Limited’s (NSE:BLSE) 39% Share Price Surge
BLS E-Services Limited (NSE:BLSE) shares have had a really impressive month, gaining 39% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 25% over that time.
Since its price has surged higher, given around half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may consider BLS E-Services as a stock to potentially avoid with its 37.9x 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.
We’ve discovered 1 warning sign about BLS E-Services. View them for free.
For instance, BLS E-Services’ receding earnings in recent times would…
