Further Upside For Kamat Hotels (India) Limited (NSE:KAMATHOTEL) Shares Could Introduce Price Risks After 25% Bounce
Kamat Hotels (India) Limited (NSE:KAMATHOTEL) shareholders have had their patience rewarded with a 25% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 43%.
In spite of the firm bounce in price, given about half the companies in India have price-to-earnings ratios (or “P/E’s”) above 28x, you may still consider Kamat Hotels (India) as an attractive investment with its 18.4x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
It looks like earnings growth has deserted Kamat Hotels (India) recently, which is…
