Sumeet Industries Limited (NSE:SUMEETINDS) Stock Catapults 41% Though Its Price And Business Still Lag The Industry
Despite an already strong run, Sumeet Industries Limited (NSE:SUMEETINDS) shares have been powering on, with a gain of 41% in the last thirty days. The last month tops off a massive increase of 103% in the last year.
Even after such a large jump in price, it would still be understandable if you think Sumeet Industries is a stock with good investment prospects with a price-to-sales ratios (or “P/S”) of 0.1x, considering almost half the companies in India’s Luxury industry have P/S ratios above 1x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/S.
