Natural Capsules Limited (NSE:NATCAPSUQ) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Natural Capsules Limited (NSE:NATCAPSUQ) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
Even after such a large jump in price, Natural Capsules may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 1.5x, since almost half of all companies in the Pharmaceuticals industry in India have P/S ratios greater than 2.5x and even P/S higher than 6x are not unusual. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s…
