Akiko Global Services Limited (NSE:AKIKO) Looks Just Right With A 50% Price Jump
Despite an already strong run, Akiko Global Services Limited (NSE:AKIKO) shares have been powering on, with a gain of 50% in the last thirty days. The annual gain comes to 219% following the latest surge, making investors sit up and take notice.
Since its price has surged higher, Akiko Global Services’ price-to-earnings (or “P/E”) ratio of 36.8x might make it look like a 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. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
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