Orissa Minerals Development Company standalone net profit declines 58.85 percent in the September 2024 quarter - Business Standard
| ORISSAMINE | 7,395 88.40 1.18% |
About 61% of Orissa Minerals' investor base is looking to short. The current sentiment regarding investing in The Orissa Minerals stock implies that many traders are alarmed. Orissa Minerals' investing sentiment overview a quick insight into current market opportunities from investing in The Orissa Minerals. Many technical investors use Orissa Minerals stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Orissa Minerals stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Orissa daily returns and investor perception about the current price of The Orissa Minerals as well as its diversification or hedging effects on your existing portfolios.
Orissa |
Orissa Minerals Development Company standalone net profit declines 58.85 percent in the September 2024 quarter Business Standard
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Orissa Minerals Fundamental Analysis
We analyze Orissa Minerals' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Orissa Minerals using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Orissa Minerals 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 Equity
Return On Equity Comparative Analysis
Orissa Minerals is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Orissa Minerals 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 Orissa Minerals stock to make a market-neutral strategy. Peer analysis of Orissa Minerals could also be used in its relative valuation, which is a method of valuing Orissa Minerals by comparing valuation metrics with similar companies.
Peers
Orissa Minerals Related Equities
| MAITHANALL | Maithan Alloys | 3.83 | ||||
| EMBASSY-RR | Embassy Office | 0.56 | ||||
| IMFA | Indian Metals | 0.42 | ||||
| NMDC | NMDC | 0.23 | ||||
| JTLIND | JTL Industries | 0.68 | ||||
| GUJALKALI | Gujarat Alkalies | 0.74 | ||||
| SAIL | Steel Authority | 0.75 | ||||
| GNFC | Gujarat Narmada | 0.83 | ||||
| INDIAGLYCO | India Glycols | 1.11 |
Other Information on Investing in Orissa Stock
Orissa Minerals financial ratios help investors to determine whether Orissa 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 Orissa with respect to the benefits of owning Orissa Minerals security.