Bajaj Consumer Care (NSE:BAJAJCON) Momentum Rank : 7 (As of May. 26, 2024)

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What is Bajaj Consumer Care Momentum Rank?

Bajaj Consumer Care has the Momentum Rank of 7.

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 Bajaj Consumer Care's Momentum Rank

For the Household & Personal Products subindustry, Bajaj Consumer Care'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.

Bajaj Consumer Care's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bajaj Consumer Care's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bajaj Consumer Care's Momentum Rank falls into.

Bajaj Consumer Care Momentum Rank Related Terms

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Bajaj Consumer Care (NSE:BAJAJCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bajaj Consumer Care Ltd (NSE:BAJAJCON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

533229:India

Address

Old Station Road, Sevashram, Chouraha, Udaipur, RJ, IND, 313 001

Website

https://www.bajajconsumercare.com

Bajaj Consumer Care Ltd is an India-based company that is principally engaged in developing and distributing haircare and skincare products. It provides a number of hair oil products Bajaj Almond Drops Hair Oil, Bajaj Amla Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Kailash Parbat Hair Oil, and Bajaj Jasmine Hair Oil, with Bajaj Almond Drops Hair Oil the flagship product that contributes the majority of the company's total revenue. It also offers skincare products, with products categorized into cream, face wash, soap, scrub, and face pack. It has one segment Cosmetics, Toiletries and Other Personal Care products. It generates most of its revenue from the domestic market, and has a presence in overseas markets as well, mainly in the SAARC, Gulf and Middle-East, ASEAN, and African regions.

Bajaj Consumer Care (NSE:BAJAJCON) Headlines

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