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Balkrishna Industries (NSE:BALKRISIND) 6-Month Price Index : 1.22 (As of Jun. 10, 2024)


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What is Balkrishna Industries 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 (2024-06-10), Balkrishna Industries's 6-Month Price Index is 1.22.

Competitive Comparison of Balkrishna Industries's 6-Month Price Index

For the Auto Parts subindustry, Balkrishna Industries'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.

Balkrishna Industries  (NSE:BALKRISIND) 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.

Balkrishna Industries  (NSE:BALKRISIND) 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.

Balkrishna Industries 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Balkrishna Industries's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Balkrishna Industries (NSE:BALKRISIND) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Balkrishna Industries Ltd (NSE:BALKRISIND) » Definitions » 6-Month Price Index
Comparable Companies
BOM:500493 NSE:SCHAEFFLER BOM:500290 BOM:500530 NSE:MOTHERSON BOM:532539 BOM:543300 NSE:ZFCVINDIA NSE:SUNDRMFAST BOM:543498 TSE:6902 MBLY TSE:5108 APTV XPAR:ML XKRX:012330 ISX:ASII TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
502355:India
Address
Senapati Bapat Marg, BKT House, C/15, Trade World, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013
Website
https://www.bkt-tires.com
Balkrishna Industries Ltd is a manufacturer of Off-Highway tires. The company serves original equipment manufacturers and customers in the replacement market. Tire products are utilized in agricultural and forestry, industrial markets, earthmoving, construction, port, mining, ATV, and gardening applications. Based out of India, the majority of Balkrishna's revenue is derived from international markets. Marketing and sales of tire products are conducted through wholly owned subsidiaries located in both Europe and North America.

Balkrishna Industries (NSE:BALKRISIND) Headlines

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