Indo Count Industries Limited’s (NSE:ICIL) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Indo Count Industries Limited (NSE:ICIL) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 16% over that time.
In spite of the firm bounce in price, Indo Count Industries may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 19.3x, since almost half of all companies in India have P/E ratios greater than 26x and even P/E’s higher than 49x 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.
We’ve discovered 3 warning signs about Indo Count Industries. View…
