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Religare Enterprises (BOM:532915) 6-Month Price Index : 0.98 (As of May. 26, 2024)


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What is Religare Enterprises 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 (2024-05-26), Religare Enterprises's 6-Month Price Index is 0.98.

Competitive Comparison of Religare Enterprises's 6-Month Price Index

For the Insurance - Life subindustry, Religare Enterprises'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.

Religare Enterprises  (BOM:532915) 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.

Religare Enterprises  (BOM:532915) 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.

Religare Enterprises 6-Month Price Index Related Terms

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

Religare Enterprises (BOM:532915) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Religare Enterprises Ltd (BOM:532915) » Definitions » 6-Month Price Index
Comparable Companies
BOM:500271 SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 AFL MET PRU SHSE:601601 TSX:MFC LSE:PRU TSX:GWO TPE:2881 TSE:8750 TPE:2882 BOM:540777 BOM:540719 TSX:POW SHSE:601336 GL
Traded in Other Exchanges
RELIGARE:India
Address
Dr. Jha Marg, 8th Flooe, Block A, Max House, Phase III, Okhla Industrial Estate, New Delhi, IND, 110020
Website
https://www.religare.com
Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India, and generates the majority of revenue from the domestic market.

Religare Enterprises (BOM:532915) Headlines

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