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Suryaamba Spinning Mills (BOM:533101) 6-Month Price Index : 0.89 (As of Jun. 23, 2024)


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What is Suryaamba Spinning Mills 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 (2024-06-23), Suryaamba Spinning Mills's 6-Month Price Index is 0.89.


Competitive Comparison of Suryaamba Spinning Mills's 6-Month Price Index

For the Textile Manufacturing subindustry, Suryaamba Spinning Mills'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.


Suryaamba Spinning Mills  (BOM:533101) 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.


Suryaamba Spinning Mills  (BOM:533101) 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.


Suryaamba Spinning Mills 6-Month Price Index Related Terms

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Suryaamba Spinning Mills (BOM:533101) Business Description

Traded in Other Exchanges
N/A
Address
128, Chhaoni Katol Road, A-101, Kanha Apartment, Nagpur, MH, IND, 440 013
Suryaamba Spinning Mills Ltd is an India-based company engaged in manufacturing Polyester yarn and Polyester/Viscose Blended Yarn. It manufactures Synthetic Ring Spun Yarn for weaving, knitting, and embroidery and other industrial applications and specialized products according to customer requirements. The Company is operating under only one segment which is Manufacturing and Trading of Yarn. The product categories offered by the company includes 100% Polyester Yarns, Polyester/Viscose Yarns, Viscose Yarns, Other Blends and Fancy Yarns.

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