Gopal Snacks Limited’s (NSE:GOPAL) P/S Is Still On The Mark Following 25% Share Price Bounce
The Gopal Snacks Limited (NSE:GOPAL) share price has done very well over the last month, posting an excellent gain of 25%. Unfortunately, despite the strong performance over the last month, the full year gain of 8.2% isn’t as attractive.
Since its price has surged higher, you could be forgiven for thinking Gopal Snacks is a stock not worth researching with a price-to-sales ratios (or “P/S”) of 2.9x, considering almost half the companies in India’s Food industry have P/S ratios below 1x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
