Shree Pacetronix (BOM:527005) 6-Month Price Index : 0.56 (As of Dec. 14, 2024)

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What is Shree Pacetronix 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 (2024-12-14), Shree Pacetronix's 6-Month Price Index is 0.56.

Competitive Comparison of Shree Pacetronix's 6-Month Price Index

For the Medical Instruments & Supplies subindustry, Shree Pacetronix'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.

Shree Pacetronix (BOM:527005) 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.

Shree Pacetronix (BOM:527005) 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.

Shree Pacetronix 6-Month Price Index Related Terms

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Shree Pacetronix Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shree Pacetronix Ltd (BOM:527005) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot Number 15, Sector II, Industrial Area, District Dhar, Pithampur, MP, IND, 454775

Website

https://www.pacetronix.com

Shree Pacetronix Ltd is engaged in the manufacturing of medical and surgical equipment and orthopedic appliances. It is in the business of manufacturing and selling Implantable Cardiac Pacemakers. Pacemakers are anti-bradycardia implantable devices intended for permanent ventricular or atrial pacing applications. The Company is engaged in only one segment i.e. manufacturing of pacemakers. It sells its life-saving devices in India and internationally, of which the majority of revenue is generated from the sales made in India.

Shree Pacetronix Headlines

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