Electronics Mart India Limited’s (NSE:EMIL) P/E Is Still On The Mark Following 27% Share Price Bounce
Electronics Mart India Limited (NSE:EMIL) shareholders would be excited to see that the share price has had a great month, posting a 27% gain and recovering from prior weakness. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 31% in the last twelve months.
Following the firm bounce in price, given close to half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may consider Electronics Mart India as a stock to avoid entirely with its 54.8x P/E ratio. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
Trump has pledged to “unleash” American oil and gas and these 15 US stocks…
