Force Motors Limited’s share price increased by 27%. Yet, its business prospects need a lift
The share price of Force Motors Limited has risen by an impressive 27% in the previous month. Taking a broader view, while not as robust as last month, the 18% year-to-date increase is also appropriate. Despite the firm’s price rebound, considering that almost half of Indian firms have price-to-earnings ratios (or “P/E’s”) more than 26x,…