Muthoot Finance Limited (NSE:MUTHOOTFIN) Stock Catapults 25% Though Its Price And Business Still Lag The Market
Muthoot Finance Limited (NSE:MUTHOOTFIN) shares have had a really impressive month, gaining 25% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 49%.
Although its price has surged higher, Muthoot Finance may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 19.8x, since almost half of all companies in India have P/E ratios greater than 30x and even P/E’s higher than 57x are not unusual. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
Recent times have been…
