Electrosteel Castings Ltd sees positive trend in stock performance, outperforms sector by 5.63 percent - MarketsMojo
ELECTCAST | 159.92 0.58 0.36% |
About 61% of Electrosteel Castings' investor base is looking to short. The current sentiment regarding investing in Electrosteel Castings Limited stock implies that many traders are alarmed. The current market sentiment, together with Electrosteel Castings' historical and current headlines, can help investors time the market. In addition, many technical investors use Electrosteel Castings stock news signals to limit their universe of possible portfolio assets.
Electrosteel |
Electrosteel Castings Ltd sees positive trend in stock performance, outperforms sector by 5.63 MarketsMojo
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Electrosteel Castings Fundamental Analysis
We analyze Electrosteel Castings' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electrosteel Castings using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electrosteel Castings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Debt
Total Debt Comparative Analysis
Electrosteel Castings is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Electrosteel Castings Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Electrosteel Castings stock to make a market-neutral strategy. Peer analysis of Electrosteel Castings could also be used in its relative valuation, which is a method of valuing Electrosteel Castings by comparing valuation metrics with similar companies.
Peers
Electrosteel Castings Related Equities
INDIAGLYCO | India Glycols | 1.73 | ||||
JTLIND | JTL Industries | 0.78 | ||||
EMBASSY-RR | Embassy Office | 0.71 | ||||
GNFC | Gujarat Narmada | 0.13 | ||||
MAITHANALL | Maithan Alloys | 0.49 | ||||
IMFA | Indian Metals | 0.62 | ||||
GUJALKALI | Gujarat Alkalies | 0.86 | ||||
NMDC | NMDC | 2.93 | ||||
SAIL | Steel Authority | 3.48 |
Complementary Tools for Electrosteel Stock analysis
When running Electrosteel Castings' price analysis, check to measure Electrosteel Castings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Electrosteel Castings is operating at the current time. Most of Electrosteel Castings' value examination focuses on studying past and present price action to predict the probability of Electrosteel Castings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrosteel Castings' price. Additionally, you may evaluate how the addition of Electrosteel Castings to your portfolios can decrease your overall portfolio volatility.
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