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Solar Industries India (NSE:SOLARINDS) 6-1 Month Momentum % : 26.50% (As of Jun. 15, 2024)


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What is Solar Industries India 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-15), Solar Industries India's 6-1 Month Momentum % is 26.50%.

The industry rank for Solar Industries India's 6-1 Month Momentum % or its related term are showing as below:

NSE:SOLARINDS's 6-1 Month Momentum % is ranked better than
87.52% of 1579 companies
in the Chemicals industry
Industry Median: -1.83 vs NSE:SOLARINDS: 26.50

Competitive Comparison of Solar Industries India's 6-1 Month Momentum %

For the Specialty Chemicals subindustry, Solar Industries India's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.


Solar Industries India's 6-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Industries India's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Solar Industries India's 6-1 Month Momentum % falls into.



Solar Industries India  (NSE:SOLARINDS) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Solar Industries India  (NSE:SOLARINDS) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.


Solar Industries India 6-1 Month Momentum % Related Terms

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Solar Industries India (NSE:SOLARINDS) Business Description

Traded in Other Exchanges
Address
Amravati Road, Solar House, 14, Kachimet, Nagpur, MH, IND, 440023
Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company primarily sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.

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