Shyam Century Ferrous Limited’s (NSE:SHYAMCENT) 25% Share Price Plunge Could Signal Some Risk
Shyam Century Ferrous Limited (NSE:SHYAMCENT) shares have had a horrible month, losing 25% after a relatively good period beforehand. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 58% loss during that time.
Although its price has dipped substantially, it’s still not a stretch to say that Shyam Century Ferrous’ price-to-sales (or “P/S”) ratio of 1.4x right now seems quite “middle-of-the-road” compared to the Metals and Mining industry in India, where the median P/S ratio is around 1.1x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
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