Jay Bharat Maruti Limited (NSE:JAYBARMARU) Stock Catapults 26% Though Its Price And Business Still Lag The Market
Jay Bharat Maruti Limited (NSE:JAYBARMARU) shares have continued their recent momentum with a 26% gain in the last month alone. Notwithstanding the latest gain, the annual share price return of 6.4% isn’t as impressive.
In spite of the firm bounce in price, Jay Bharat Maruti may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 23.1x, since almost half of all companies in India have P/E ratios greater than 28x and even P/E’s higher than 54x 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 limited.
