MarketsMOJO upgrades Prakash Steelage to Hold based on technical trend and outperformance in trading industry - MarketsMojo
PRAKASHSTL | 8.04 0.36 4.29% |
Under 61% of Prakash Steelage's investor base is looking to short. The current sentiment regarding investing in Prakash Steelage Limited stock implies that many traders are alarmed. Prakash Steelage's investing sentiment shows overall attitude of investors towards Prakash Steelage Limited.
Prakash |
MarketsMOJO upgrades Prakash Steelage to Hold based on technical trend and outperformance in trading industry MarketsMojo
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Prakash Steelage Fundamental Analysis
We analyze Prakash Steelage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Prakash Steelage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Prakash Steelage 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.
Gross Profit
Gross Profit Comparative Analysis
Prakash Steelage is currently under evaluation in gross profit category among its peers. Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Prakash Steelage 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 Prakash Steelage stock to make a market-neutral strategy. Peer analysis of Prakash Steelage could also be used in its relative valuation, which is a method of valuing Prakash Steelage by comparing valuation metrics with similar companies.
Peers
Prakash Steelage Related Equities
ACI | Archean Chemical | 0.92 | ||||
PARACABLES | Paramount Communications | 0.55 | ||||
KILITCH | Kilitch Drugs | 0.29 | ||||
TATACOMM | Tata Communications | 0.06 | ||||
JGCHEM | JGCHEMICALS | 0.44 | ||||
NEOGEN | Neogen Chemicals | 2.06 | ||||
COFFEEDAY | Coffee Day | 5.02 |
Complementary Tools for Prakash Stock analysis
When running Prakash Steelage's price analysis, check to measure Prakash Steelage'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 Prakash Steelage is operating at the current time. Most of Prakash Steelage's value examination focuses on studying past and present price action to predict the probability of Prakash Steelage's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prakash Steelage's price. Additionally, you may evaluate how the addition of Prakash Steelage to your portfolios can decrease your overall portfolio volatility.
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