What Radiowalla Network Limited’s (NSE:RADIOWALLA) 25% Share Price Gain Is Not Telling You
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. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 42% over that time.
Following the firm bounce in price, Radiowalla Network may be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 73x, since almost half of all companies in India have P/E ratios under 27x and even P/E’s lower than 15x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation…
