A Piece Of The Puzzle Missing From SRM Contractors Limited’s (NSE:SRM) 31% Share Price Climb
The SRM Contractors Limited (NSE:SRM) share price has done very well over the last month, posting an excellent gain of 31%. The annual gain comes to 137% following the latest surge, making investors sit up and take notice.
Although its price has surged higher, given about half the companies in India have price-to-earnings ratios (or “P/E’s”) above 28x, you may still consider SRM Contractors as an attractive investment with its 17.5x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
SRM Contractors certainly has been doing a great job lately…
