Brahmaputra Infrastructure (BOM:535693) Momentum Rank : 3 (As of Jun. 23, 2024)

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What is Brahmaputra Infrastructure Momentum Rank?

Brahmaputra Infrastructure has the Momentum Rank of 3.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Brahmaputra Infrastructure's Momentum Rank

For the Engineering & Construction subindustry, Brahmaputra Infrastructure's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Brahmaputra Infrastructure's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Brahmaputra Infrastructure's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Brahmaputra Infrastructure's Momentum Rank falls into.

Brahmaputra Infrastructure Momentum Rank Related Terms

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Brahmaputra Infrastructure (BOM:535693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Brahmaputra Infrastructure Ltd (BOM:535693) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Christian Basti, G. S. Road, Royal Plaza, 4th Floor, Opp. International Hospital, Guwahati, AS, IND, 781005

Website

https://www.brahmaputragroup.com

Brahmaputra Infrastructure Ltd is an engineering and construction company. Its various projects include the Construction of Bridges, Flyovers, Highways, Airport, Building Construction, Tunnel projects, Mining projects. Its operations are spread across pan India including Northern, Eastern, and North-Eastern parts of India. The company's segments include EPC (Engineering, Procurement, and Construction) Division and Real Estate Division. The majority of the revenue is derived from the EPC segment which provides complete turnkey (LST) solutions to Infrastructure Projects right from conceptualizing, planning, designing, engineering, procurement, erection finishing with a high level of satisfaction handing over. The group operates in India.

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