There’s Reason For Concern Over Ashima Limited’s (NSE:ASHIMASYN) Massive 27% Price Jump
Those holding Ashima Limited (NSE:ASHIMASYN) shares would be relieved that the share price has rebounded 27% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking further back, the 24% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
In spite of the firm bounce in price, there still wouldn’t be many who think Ashima’s price-to-sales (or “P/S”) ratio of 1.3x is worth a mention when the median P/S in India’s Luxury industry is similar at about 0.9x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
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