Eastern Silk Industries reports standalone net profit of Rs 1.15 crore in the September 2024 quarter - Business Standard
| EASTSILK | 1.80 0.00 0.00% |
About 56% of Eastern Silk's investor base is looking to short. The analysis of overall sentiment of trading Eastern Silk Industries stock suggests that many investors are alarmed at this time. Eastern Silk's investing sentiment shows overall attitude of investors towards Eastern Silk Industries.
Eastern Silk stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of Eastern daily returns and investor perception about the current price of Eastern Silk Industries as well as its diversification or hedging effects on your existing portfolios.
Eastern |
Eastern Silk Industries reports standalone net profit of Rs 1.15 crore in the September 2024 quarter Business Standard
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Eastern Silk Fundamental Analysis
We analyze Eastern Silk's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eastern Silk using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eastern Silk based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Eastern Silk is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Eastern Silk Industries Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Eastern Silk stock to make a market-neutral strategy. Peer analysis of Eastern Silk could also be used in its relative valuation, which is a method of valuing Eastern Silk by comparing valuation metrics with similar companies.
Peers
Eastern Silk Related Equities
| LICI | Life Insurance | 0.42 |
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| ONGC | Oil Natural | 1.75 |
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| RELIANCE | Reliance Industries | 1.81 |
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| IOC | Indian Oil | 1.94 |
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Other Information on Investing in Eastern Stock
Eastern Silk financial ratios help investors to determine whether Eastern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Eastern with respect to the benefits of owning Eastern Silk security.