Rags to riches

The recent bull run has exposed the truly Mr Market - sometimes elated, sometimes depressed. JM Financial is an interesting example.

An year back, JM Financials was available at 40 rupees. The current NCA is some 28 rupees. The profit contribution is 9.7 crores i.e. around 8.5 rupees per share. The current CMP is a neat 439 rupees. Consequently the P/E ratio is a huge 52 times. Crazy !!! Click on the title for the BSE Charting.