Radiowalla Network Limited’s (NSE:RADIOWALLA) 25% Share Price Surge Not Quite Adding Up
Those holding Radiowalla Network Limited (NSE:RADIOWALLA) shares would be relieved that the share price has rebounded 25% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 42% in the last twelve months.
After such a large jump in price, Radiowalla Network’s price-to-earnings (or “P/E”) ratio of 73x might make it look like a strong sell right now compared to the market in India, where around half of the companies have P/E ratios below 27x and even P/E’s below 15x are quite common. Nonetheless, we’d need to dig a little deeper to determine if there is a rational…
