Rudra Ecovation (BOM:514010) 6-Month Price Index : 1.93 (As of Jun. 25, 2024)

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What is Rudra Ecovation 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 (2024-06-25), Rudra Ecovation's 6-Month Price Index is 1.93.

Competitive Comparison of Rudra Ecovation's 6-Month Price Index

For the Textile Manufacturing subindustry, Rudra Ecovation'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.

Rudra Ecovation (BOM:514010) 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.

Rudra Ecovation (BOM:514010) 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.

Rudra Ecovation 6-Month Price Index Related Terms

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Rudra Ecovation (BOM:514010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rudra Ecovation Ltd (BOM:514010) » Definitions » 6-Month Price Index

Traded in Other Exchanges

N/A

Address

8-L, Model Town, Backside Hotel Chevron, Ludhiana, PB, IND, 141002

Website

http://www.himachalfibre.com

Himachal Fibres Ltd is engaged in the business of manufacturing and sale of cotton polyester yarn and knitted clothes. The company is operating in a single segment that is Textiles which include Knitted Fabric and Blended Yarn. The company's product line includes Cotton Yarn, Melange Yarn, Cotton dyed Yarn, open-ended yarn, and Blended Yarn.

Rudra Ecovation (BOM:514010) Headlines

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