Birla Cable Limited’s (NSE:BIRLACABLE) Share Price Is Matching Sentiment Around Its Revenues
With a price-to-sales (or “P/S”) ratio of 0.7x Birla Cable Limited (NSE:BIRLACABLE) may be sending very bullish signals at the moment, given that almost half of all the Communications companies in India have P/S ratios greater than 2.7x and even P/S higher than 9x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly reduced P/S.
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What Does Birla Cable’s P/S Mean For Shareholders?
For instance, Birla Cable’s receding revenue in recent…
