Signoria Creation Limited’s (NSE:SIGNORIA) 27% Dip In Price Shows Sentiment Is Matching Earnings
Unfortunately for some shareholders, the Signoria Creation Limited (NSE:SIGNORIA) share price has dived 27% in the last thirty days, prolonging recent pain. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 45% in that time.
In spite of the heavy fall in price, Signoria Creation’s price-to-earnings (or “P/E”) ratio of 11.3x might still make it look like a strong buy right now compared to the market in India, where around half of the companies have P/E ratios above 28x and even P/E’s above 53x are quite common. However, the P/E might be quite low for a reason and it requires further investigation to determine if it’s justified.
