GPT Infraprojects Limited’s (NSE:GPTINFRA) price-to-earnings (or “P/E”) ratio of 28.5x might make it look like a buy right now compared to the market in India, where around half of the companies have P/E ratios above 34x and even P/E’s above 65x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
With earnings growth that’s exceedingly strong of late, GPT Infraprojects has been doing very well. It might be that…
Read the full article here