S&S Power Switchgear Limited (NSE:S&SPOWER) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
S&S Power Switchgear Limited (NSE:S&SPOWER) shareholders that were waiting for something to happen have been dealt a blow with a 26% share price drop in the last month. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 22% share price drop.
Although its price has dipped substantially, it’s still not a stretch to say that S&S Power Switchgear’s price-to-sales (or “P/S”) ratio of 2x right now seems quite “middle-of-the-road” compared to the Electrical industry in India, where the median P/S ratio is around 2.4x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/S.
