Sansera Engineering Limited’s (NSE:SANSERA) Share Price Matching Investor Opinion
When close to half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may consider Sansera Engineering Limited (NSE:SANSERA) as a stock to potentially avoid with its 38.1x 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 as high as it is.
Recent times haven’t been advantageous for Sansera Engineering as its earnings have been rising slower than most other companies. One possibility is that the P/E is high because investors think this lacklustre earnings performance will improve markedly. If not, then existing…
