Despite an already strong run, India Tourism Development Corporation Limited (NSE:ITDC) shares have been powering on, with a gain of 34% in the last thirty days. The last month tops off a massive increase of 176% in the last year.
Following the firm bounce in price, India Tourism Development’s price-to-sales (or “P/S”) ratio of 14.5x might make it look like a strong sell right now compared to other companies in the Hospitality industry in India, where around half of the companies have P/S ratios below 4.9x and even P/S below 2x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s so lofty.
Check out our latest analysis for India Tourism Development
