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Veer Energy & Infrastructure (BOM:503657) 12-1 Month Momentum % : 38.52% (As of Oct. 31, 2024)


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What is Veer Energy & Infrastructure 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-10-31), Veer Energy & Infrastructure's 12-1 Month Momentum % is 38.52%.

The industry rank for Veer Energy & Infrastructure's 12-1 Month Momentum % or its related term are showing as below:

BOM:503657's 12-1 Month Momentum % is ranked better than
74.05% of 524 companies
in the Utilities - Independent Power Producers industry
Industry Median: 8.535 vs BOM:503657: 38.52

Competitive Comparison of Veer Energy & Infrastructure's 12-1 Month Momentum %

For the Utilities - Renewable subindustry, Veer Energy & Infrastructure's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Veer Energy & Infrastructure's 12-1 Month Momentum % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Veer Energy & Infrastructure's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Veer Energy & Infrastructure's 12-1 Month Momentum % falls into.



Veer Energy & Infrastructure  (BOM:503657) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* 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.


Veer Energy & Infrastructure  (BOM:503657) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Veer Energy & Infrastructure 12-1 Month Momentum % Related Terms

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Veer Energy & Infrastructure Business Description

Traded in Other Exchanges
N/A
Address
J. Shankar Sheth Marg, 629-A, Gazdar House, 1st Floor, Near Kalbadevi Post Office, Mumbai, MH, IND, 400002
Veer Energy & Infrastructure Ltd is engaged in the business of implementation and operation of large-scale projects in the renewable energy sector. It is an India-based renewable energy Company that provides services across India to develop, construct, and operate projects that contribute to the goal of a low-carbon and sustainable future. The company generates revenue from the sale of services, and sale of goods, where the majority of the revenue is generated from the sale of services.

Veer Energy & Infrastructure Headlines

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