Equity ratings for BALASORE ALLOYS LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of December 2019 and ending today, the 7th of December 2021. Click here to learn more.
BALASORE ALLOYS LTD cannot be verified against its exchange. It appears that BALASORE ALLOYS is not available for investing at the moment. Please verify the symbol is currently traded on Bombay Stock Exchange. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.

BALASORE ALLOYS Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. BALASORE ALLOYS's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding BALASORE ALLOYS or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
BALASORE ALLOYS LTD is not yet fully synchronised with the market data
BALASORE ALLOYS LTD has some characteristics of a very speculative penny stock
BALASORE ALLOYS LTD has accumulated 1.96 Billion in debt which can lead to volatile earnings
The company has accumulated 1.96 B in total debt with debt to equity ratio (D/E) of 78.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. BALASORE ALLOYS LTD has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
The entity reported the revenue of 12.61 B. Net Loss for the year was (287.45 M) with profit before overhead, payroll, taxes, and interest of 3.65 B.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of BALASORE ALLOYS's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
BALASORE ALLOYS LTD (BALASORE) is traded on Bombay Stock Exchange in India and employs 620 people. The company currently falls under 'Small-Cap' category with current market capitalization of 909.92 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate BALASORE ALLOYS's market, we take the total number of its shares issued and multiply it by BALASORE ALLOYS's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. BALASORE ALLOYS LTD operates under Basic Materials sector and is part of Steel industry. The entity has 93.33 M outstanding shares. BALASORE ALLOYS LTD has accumulated about 208.62 M in cash with 1.1 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.18.
Check BALASORE ALLOYS Probability Of Bankruptcy

BALASORE Stock Against Markets

Picking the right benchmark for BALASORE ALLOYS stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BALASORE ALLOYS stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BALASORE ALLOYS is critical whether you are bullish or bearish towards BALASORE ALLOYS LTD at a given time.
BALASORE ALLOYS LTD cannot be verified against its exchange. It appears that BALASORE ALLOYS is not available for investing at the moment. Please verify the symbol is currently traded on Bombay Stock Exchange. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.

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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 BALASORE ALLOYS stock to make a market-neutral strategy. Peer analysis of BALASORE ALLOYS could also be used in its relative valuation, which is a method of valuing BALASORE ALLOYS by comparing valuation metrics with similar companies.
Check out Trending Equities. Note that the BALASORE ALLOYS LTD information on this page should be used as a complementary analysis to other BALASORE ALLOYS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Tools for BALASORE Stock

When running BALASORE ALLOYS LTD price analysis, check to measure BALASORE ALLOYS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BALASORE ALLOYS is operating at the current time. Most of BALASORE ALLOYS's value examination focuses on studying past and present price action to predict the probability of BALASORE ALLOYS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BALASORE ALLOYS's price. Additionally, you may evaluate how the addition of BALASORE ALLOYS to your portfolios can decrease your overall portfolio volatility.
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