There’s Reason For Concern Over Global Health Limited’s (NSE:MEDANTA) Price
With a price-to-earnings (or “P/E”) ratio of 66.1x Global Health Limited (NSE:MEDANTA) may be sending very bearish signals at the moment, given that almost half of all companies in India have P/E ratios under 29x and even P/E’s lower than 16x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s so lofty.
Recent times haven’t been advantageous for Global Health as its earnings have been rising slower than most other companies. It might be that many expect the…