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Hitech (NSE:HITECHCORP) 6-Month Price Index : 0.78 (As of Jun. 10, 2024)


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What is Hitech 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), Hitech's 6-Month Price Index is 0.78.

Competitive Comparison of Hitech's 6-Month Price Index

For the Packaging & Containers subindustry, Hitech'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.

Hitech  (NSE:HITECHCORP) 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.

Hitech  (NSE:HITECHCORP) 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.

Hitech 6-Month Price Index Related Terms

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

Hitech (NSE:HITECHCORP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hitech Corp Ltd (NSE:HITECHCORP) » Definitions » 6-Month Price Index
Comparable Companies
BOM:513121 NSE:TIRUPATI BOM:540693 BOM:526582 NSE:BBTCL BOM:532310 BOM:523391 NSE:COOLCAPS BOM:512453 NSE:KRISHCA BALL AVY PKG AMCR IP CCK WRK SZSE:002812 DUB:SK3 XSWX:SIGN
Traded in Other Exchanges
526217:India
Address
Senapati Bapat Marg, Unit No. 201, 2nd Floor, Welspun House, Kamala City, Lower Parel (West), Mumbai, MH, IND, 400 013
Website
https://www.hitechgroup.com
Hitech Corp Ltd is an India-based company engaged in the manufacturing of packaging products of plastics. It has several manufacturing facilities in India and caters to various industries. The company's product includes paint and coating, personal care, food and beverages, healthcare, construction chemicals and adhesives, agrochemical, and lubricant.

Hitech (NSE:HITECHCORP) Headlines

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