Further Upside For Expleo Solutions Limited (NSE:EXPLEOSOL) Shares Could Introduce Price Risks After 25% Bounce
Expleo Solutions Limited (NSE:EXPLEOSOL) shareholders would be excited to see that the share price has had a great month, posting a 25% gain and recovering from prior weakness. Taking a wider view, although not as strong as the last month, the full year gain of 13% is also fairly reasonable.
In spite of the firm bounce in price, Expleo Solutions may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 21.8x, since almost half of all companies in India have P/E ratios greater than 34x and even P/E’s higher than 64x are not unusual. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
While the market has experienced earnings…
