Earnings Working Against CESC Limited’s (NSE:CESC) Share Price
When close to half the companies in India have price-to-earnings ratios (or “P/E’s”) above 27x, you may consider CESC Limited (NSE:CESC) as an attractive investment with its 15.1x 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.
CESC hasn’t been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. The P/E is probably low because investors think this poor earnings performance isn’t…
