Stocks to watch today April 17, 2023 - BusinessLine
| STEELXIND | 10.79 0.07 0.64% |
Under 62% of STEEL EXCHANGE's investor base is looking to short. The current sentiment regarding investing in STEEL EXCHANGE INDIA stock implies that many traders are alarmed. STEEL EXCHANGE's investing sentiment shows overall attitude of investors towards STEEL EXCHANGE INDIA.
STEEL |
Stocks to watch today April 17, 2023 BusinessLine
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STEEL EXCHANGE Fundamental Analysis
We analyze STEEL EXCHANGE's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of STEEL EXCHANGE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of STEEL EXCHANGE 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.
Book Value Per Share
Book Value Per Share Comparative Analysis
STEEL EXCHANGE is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
STEEL EXCHANGE INDIA 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 STEEL EXCHANGE stock to make a market-neutral strategy. Peer analysis of STEEL EXCHANGE could also be used in its relative valuation, which is a method of valuing STEEL EXCHANGE by comparing valuation metrics with similar companies.
Peers
STEEL EXCHANGE Related Equities
| GNFC | Gujarat Narmada | 4.00 | ||||
| JTLIND | JTL Industries | 1.79 | ||||
| INDIAGLYCO | India Glycols | 1.27 | ||||
| NMDC | NMDC | 1.03 | ||||
| SAIL | Steel Authority | 0.71 | ||||
| GUJALKALI | Gujarat Alkalies | 0.52 | ||||
| IMFA | Indian Metals | 0.18 | ||||
| MAITHANALL | Maithan Alloys | 0 | ||||
| EMBASSY-RR | Embassy Office | 0.28 |
Complementary Tools for STEEL Stock analysis
When running STEEL EXCHANGE's price analysis, check to measure STEEL EXCHANGE's 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 STEEL EXCHANGE is operating at the current time. Most of STEEL EXCHANGE's value examination focuses on studying past and present price action to predict the probability of STEEL EXCHANGE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move STEEL EXCHANGE's price. Additionally, you may evaluate how the addition of STEEL EXCHANGE to your portfolios can decrease your overall portfolio volatility.
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