There’s No Escaping Sakthi Sugars Limited’s (NSE:SAKHTISUG) Muted Earnings Despite A 26% Share Price Rise
Sakthi Sugars Limited (NSE:SAKHTISUG) shareholders have had their patience rewarded with a 26% share price jump in the last month. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 26% over that time.
Even after such a large jump in price, Sakthi Sugars may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 4.1x, 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 quite low for a reason and it requires further investigation to determine if it’s justified.
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