Data Patterns (India) Limited’s (NSE:DATAPATTNS) Share Price Matching Investor Opinion
With a price-to-earnings (or “P/E”) ratio of 74.6x Data Patterns (India) Limited (NSE:DATAPATTNS) may be sending very bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 28x and even P/E’s lower than 16x are not unusual. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
There hasn’t been much to differentiate Data Patterns (India)’s and the market’s earnings growth lately. It might be that many expect…
