Lambodhara Textiles Limited’s (NSE:LAMBODHARA) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Lambodhara Textiles Limited (NSE:LAMBODHARA) shareholders would be excited to see that the share price has had a great month, posting a 26% gain and recovering from prior weakness. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 19% in the last twelve months.
Although its price has surged higher, given about half the companies in India have price-to-earnings ratios (or “P/E’s”) above 28x, you may still consider Lambodhara Textiles as an attractive investment with its 22.2x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
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