Surat Trade & Mercantile (BOM:530185) 6-Month Price Index : 0.93 (As of Dec. 12, 2024)

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What is Surat Trade & Mercantile 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 (2024-12-12), Surat Trade & Mercantile's 6-Month Price Index is 0.93.

Competitive Comparison of Surat Trade & Mercantile's 6-Month Price Index

For the Capital Markets subindustry, Surat Trade & Mercantile'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.

Surat Trade & Mercantile (BOM:530185) 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.

Surat Trade & Mercantile (BOM:530185) 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.

Surat Trade & Mercantile 6-Month Price Index Related Terms

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Surat Trade & Mercantile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Surat Trade & Mercantile Ltd (BOM:530185) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

Puna-Kumbharia Road, Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Dumbhal, Surat, GJ, IND, 395010

Website

http://www.stml.in

Surat Trade & Mercantile Ltd is engaged in the trading of commodities and other commodity-related businesses. The Company's business segment consists of a single segment of Commodity Trading. The company derives a majority of its revenue from the Commodity trading segment. Geographically, it derives the majority of its revenue from India.

Surat Trade & Mercantile Headlines

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