Home First Finance Company India Limited’s (NSE:HOMEFIRST) Share Price Not Quite Adding Up
With a price-to-earnings (or “P/E”) ratio of 31.7x Home First Finance Company India Limited (NSE:HOMEFIRST) may be sending bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 27x and even P/E’s lower than 15x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s as high as it is.
Recent times have been advantageous for Home First Finance Company India as its earnings have been rising faster than most other companies. It seems that many are expecting the strong earnings performance to persist, which…
