Hindcon Chemica Consolidated December 2023 Net Sales at Rs 13.44 crore, down 49.56 percent Y-o-Y - Moneycontrol
| HINDCON Stock | 40.82 0.74 1.78% |
About 62% of Hindcon Chemicals' investor base is looking to short. The analysis of overall sentiment of trading Hindcon Chemicals Limited stock suggests that many investors are alarmed at this time. Hindcon Chemicals' investing sentiment overview a quick insight into current market opportunities from investing in Hindcon Chemicals Limited. Many technical investors use Hindcon Chemicals stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Hindcon |
Hindcon Chemica Consolidated December 2023 Net Sales at Rs 13.44 crore, down 49.56 percent Y-o-Y Moneycontrol
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Hindcon Chemicals Fundamental Analysis
We analyze Hindcon Chemicals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hindcon Chemicals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hindcon Chemicals 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.
Return On Asset
Return On Asset Comparative Analysis
Hindcon Chemicals is currently under evaluation in return on asset category among its peers. Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Hindcon Chemicals 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 Hindcon Chemicals stock to make a market-neutral strategy. Peer analysis of Hindcon Chemicals could also be used in its relative valuation, which is a method of valuing Hindcon Chemicals by comparing valuation metrics with similar companies.
Peers
Hindcon Chemicals Related Equities
| SMLT | Sarthak Metals | 2.76 | ||||
| MANAKCOAT | Manaksia Coated | 0.60 | ||||
| AGARIND | Agarwal Industrial | 1.26 | ||||
| STYRENIX | Styrenix Performance | 1.31 | ||||
| MODIRUBBER | Modi Rubber | 1.52 | ||||
| UMESLTD | Usha Martin | 1.59 | ||||
| GICRE | General Insurance | 2.70 |
Other Information on Investing in Hindcon Stock
Hindcon Chemicals financial ratios help investors to determine whether Hindcon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hindcon with respect to the benefits of owning Hindcon Chemicals security.