Why Investors Shouldn’t Be Surprised By Shree Karni Fabcom Limited’s (NSE:SHREEKARNI) 32% Share Price Surge
Shree Karni Fabcom Limited (NSE:SHREEKARNI) shareholders would be excited to see that the share price has had a great month, posting a 32% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 10% over that time.
After such a large jump in price, given around half the companies in India have price-to-earnings ratios (or “P/E’s”) below 27x, you may consider Shree Karni Fabcom as a stock to potentially avoid with its 31.7x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/E.
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