Jindal Steel Q1 results PAT falls 21 percent to Rs 1,338 cr on weak steel demand - Business Standard
| JSL Stock | 719.80 21.20 2.86% |
About 61% of Jindal Stainless' investor base is looking to short. The current sentiment regarding investing in Jindal Stainless Limited stock implies that many traders are alarmed. The current market sentiment, together with Jindal Stainless' historical and current headlines, can help investors time the market. In addition, many technical investors use Jindal Stainless stock news signals to limit their universe of possible portfolio assets.
Jindal Stainless 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 Stainless Limited as well as its diversification or hedging effects on your existing portfolios.
Jindal |
Jindal Steel Q1 results PAT falls 21 percent to Rs 1,338 cr on weak steel demand Business Standard
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Jindal Stainless Fundamental Analysis
We analyze Jindal Stainless' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Jindal Stainless using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Jindal Stainless 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.
Price To Sales
Price To Sales Comparative Analysis
Jindal Stainless is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Jindal Stainless 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 Stainless stock to make a market-neutral strategy. Peer analysis of Jindal Stainless could also be used in its relative valuation, which is a method of valuing Jindal Stainless by comparing valuation metrics with similar companies.
Peers
Jindal Stainless Related Equities
| ASIANHOTNR | Asian Hotels | 9.60 | ||||
| CHEMBOND | Chembond Chemicals | 3.44 | ||||
| VHLTD | Viceroy Hotels | 2.39 | ||||
| JUNIPER | Juniper Hotels | 0.48 | ||||
| CHAMBLFERT | Chambal Fertilizers | 3.46 | ||||
| VISHNU | Vishnu Chemicals | 3.50 | ||||
| ORIENTHOT | Oriental Hotels | 4.07 | ||||
| DMCC | DMCC SPECIALITY | 4.45 |
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