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Pennar Industries (BOM:513228) 6-Month Price Index : 1.19 (As of May. 31, 2024)


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What is Pennar Industries 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-31), Pennar Industries's 6-Month Price Index is 1.19.


Competitive Comparison of Pennar Industries's 6-Month Price Index

For the Specialty Industrial Machinery subindustry, Pennar Industries's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pennar Industries  (BOM:513228) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Pennar Industries  (BOM:513228) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.


Pennar Industries 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Pennar Industries's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.


Pennar Industries (BOM:513228) Business Description

Traded in Other Exchanges
Address
DHFLVC Silicon Towers, Kondapur, Floor Number 3, Hyderabad, TG, IND, 500084
Pennar Industries Ltd provides engineering products and services. The company's operating segment includes Diversified Engineering and Custom designed building solutions and auxiliaries. It generates maximum revenue from Diversified Engineering segment. Geographically, it derives a majority of revenue from India. The company serves Infrastructure, Automobiles, Power, General Engineering, Building and Construction, Refineries, and other sectors. Its product portfolio includes Cold Rolled Steel Strips, Precision Tubes, Railway wagons/Coaches, Pre-Engineered Building Systems, Solar module mounting structures, and Photo Voltaic panels, Sheet Metal Components, Hydraulic Cylinders, Road Safety Systems, Water and Sewage treatment solutions, and Desalination projects.

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