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Indian Sucrose (BOM:500319) 6-1 Month Momentum % : 2.64% (As of Jun. 10, 2024)


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What is Indian Sucrose 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-06-10), Indian Sucrose's 6-1 Month Momentum % is 2.64%.

The industry rank for Indian Sucrose's 6-1 Month Momentum % or its related term are showing as below:

BOM:500319's 6-1 Month Momentum % is ranked better than
56.16% of 2005 companies
in the Consumer Packaged Goods industry
Industry Median: 0.42 vs BOM:500319: 2.64

Competitive Comparison of Indian Sucrose's 6-1 Month Momentum %

For the Confectioners subindustry, Indian Sucrose's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.


Indian Sucrose's 6-1 Month Momentum % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Indian Sucrose's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Indian Sucrose's 6-1 Month Momentum % falls into.



Indian Sucrose  (BOM:500319) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* 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.


Indian Sucrose  (BOM:500319) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Indian Sucrose 6-1 Month Momentum % Related Terms

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Indian Sucrose (BOM:500319) Business Description

Traded in Other Exchanges
N/A
Address
G.T. Road, Mukerian, Hoshiarpur, PB, IND, 144211
Indian Sucrose Ltd is engaged in the manufacturing of sugar and allied products. The core business segments of the company comprise of the Sugar and Cogeneration of Power. Its products portfolio consists of sugar, molasses, and Bagasse. The sugar segment revenues constituted the major share of the company's revenues.

Indian Sucrose (BOM:500319) Headlines

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