Jubilant Ingrevia Limited’s (NSE:JUBLINGREA) Share Price Matching Investor Opinion
Jubilant Ingrevia Limited’s (NSE:JUBLINGREA) price-to-earnings (or “P/E”) ratio of 51.7x might make it look like a strong sell right now compared to the market in India, where around half of the companies have P/E ratios below 26x and even P/E’s below 15x are quite common. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
With earnings growth that’s inferior to most other companies of late, Jubilant Ingrevia has been relatively sluggish. One possibility is that the P/E is high because investors think this lacklustre earnings performance will improve…
