What M.V.K. Agro Food Product Limited’s (NSE:MVKAGRO) 45% Share Price Gain Is Not Telling You
M.V.K. Agro Food Product Limited (NSE:MVKAGRO) shares have continued their recent momentum with a 45% gain in the last month alone. This latest share price bounce rounds out a remarkable 604% gain over the last twelve months.
After such a large jump in price, given close to half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may consider M.V.K. Agro Food Product as a stock to avoid entirely with its 61.4x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/E.
For instance, M.V.K. Agro Food Product’s…
