United Polyfab Gujarat Limited’s (NSE:UNITEDPOLY) 28% Share Price Surge Not Quite Adding Up
Despite an already strong run, United Polyfab Gujarat Limited (NSE:UNITEDPOLY) shares have been powering on, with a gain of 28% in the last thirty days. The last month tops off a massive increase of 234% in the last year.
Since its price has surged higher, given close to half the companies in India have price-to-earnings ratios (or “P/E’s”) below 28x, you may consider United Polyfab Gujarat as a stock to avoid entirely with its 51.1x P/E ratio. However, the P/E might be quite high for a reason and it requires further investigation to determine if it’s justified.
United Polyfab Gujarat certainly has been doing…
