Nagarjuna Fertilizers and Chemicals Limited (NSE:NAGAFERT) Stock Catapults 39% Though Its Price And Business Still Lag The Industry
Nagarjuna Fertilizers and Chemicals Limited (NSE:NAGAFERT) shareholders are no doubt pleased to see that the share price has bounced 39% in the last month, although it is still struggling to make up recently lost ground. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 40% over that time.
Although its price has surged higher, Nagarjuna Fertilizers and Chemicals may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.1x, considering almost half of all companies in the Chemicals industry in India have P/S ratios greater than 1.5x and even P/S higher than 4x aren’t out of the ordinary. However, the P/S might be low for a reason…
