Mangalam Worldwide Limited’s (NSE:MWL) Shares Bounce 26% But Its Business Still Trails The Market
The Mangalam Worldwide Limited (NSE:MWL) share price has done very well over the last month, posting an excellent gain of 26%. Looking back a bit further, it’s encouraging to see the stock is up 62% in the last year.
Even after such a large jump in price, Mangalam Worldwide may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 21.5x, 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. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
