JINDALSTEL Outlook for the Week - EquityPandit
| JINDALSTEL | 837.65 4.35 0.52% |
Slightly above 53% of Jindal Steel's investor base is interested to short. The current sentiment regarding investing in Jindal Steel Power stock implies that many traders are impartial. Jindal Steel's investing sentiment can be driven by a variety of factors including economic data, Jindal Steel's earnings reports, geopolitical events, and overall market trends.
Jindal Steel stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Jindal daily returns and investor perception about the current price of Jindal Steel Power as well as its diversification or hedging effects on your existing portfolios.
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JINDALSTEL Outlook for the Week EquityPandit
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Jindal Steel Fundamental Analysis
We analyze Jindal Steel's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Jindal Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Jindal Steel 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
Jindal Steel 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.
Jindal Steel Power 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 Jindal Steel stock to make a market-neutral strategy. Peer analysis of Jindal Steel could also be used in its relative valuation, which is a method of valuing Jindal Steel by comparing valuation metrics with similar companies.
Peers
Jindal Steel Related Equities
| ADFFOODS | ADF Foods | 0.24 | ||||
| UNIVAFOODS | Univa Foods | 0.00 | ||||
| MEGASTAR | Megastar Foods | 0.12 | ||||
| HNDFDS | Hindustan Foods | 0.84 | ||||
| KOHINOOR | Kohinoor Foods | 1.72 | ||||
| SARVESHWAR | Sarveshwar Foods | 2.80 | ||||
| PNCINFRA | PNC Infratech | 3.17 | ||||
| WABAG | VA Tech | 5.81 |
Additional Tools for Jindal Stock Analysis
When running Jindal Steel's price analysis, check to measure Jindal Steel'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 Jindal Steel is operating at the current time. Most of Jindal Steel's value examination focuses on studying past and present price action to predict the probability of Jindal Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Steel's price. Additionally, you may evaluate how the addition of Jindal Steel to your portfolios can decrease your overall portfolio volatility.