Equity ratings for ELGI EQUIPMENTS LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of January 2021 and ending today, the 4th of December 2021. Click here to learn more.
ELGI EQUIPMENTS LTD cannot be verified against its exchange. It appears that ELGI EQUIPMENTS 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.

ELGI EQUIPMENTS 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. ELGI EQUIPMENTS's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding ELGI EQUIPMENTS or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ELGI EQUIPMENTS LTD is not yet fully synchronised with the market data
ELGI EQUIPMENTS LTD has some characteristics of a very speculative penny stock
ELGI EQUIPMENTS LTD is unlikely to experience financial distress in the next 2 years
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 ELGI EQUIPMENTS's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
ELGI EQUIPMENTS LTD (ELGIEQUIP) is traded on Bombay Stock Exchange in India and employs 2,195 people. The company currently falls under 'Large-Cap' category with current market capitalization of 38.82 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate ELGI EQUIPMENTS's market, we take the total number of its shares issued and multiply it by ELGI EQUIPMENTS'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. ELGI EQUIPMENTS LTD operates under Industrials sector and is part of Diversified Industrials industry. The entity has 158.46 M outstanding shares. ELGI EQUIPMENTS LTD has accumulated about 1.14 B in cash with 1.72 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.22.
Check ELGI EQUIPMENTS Probability Of Bankruptcy

ELGIEQUIP Stock Against Markets

Picking the right benchmark for ELGI EQUIPMENTS 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 ELGI EQUIPMENTS 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 ELGI EQUIPMENTS is critical whether you are bullish or bearish towards ELGI EQUIPMENTS LTD at a given time.
ELGI EQUIPMENTS LTD cannot be verified against its exchange. It appears that ELGI EQUIPMENTS 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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View Currently Related Equities

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 ELGI EQUIPMENTS stock to make a market-neutral strategy. Peer analysis of ELGI EQUIPMENTS could also be used in its relative valuation, which is a method of valuing ELGI EQUIPMENTS by comparing valuation metrics with similar companies.
Check out Investing Opportunities. Note that the ELGI EQUIPMENTS LTD information on this page should be used as a complementary analysis to other ELGI EQUIPMENTS'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Other Tools for ELGIEQUIP Stock

When running ELGI EQUIPMENTS LTD price analysis, check to measure ELGI EQUIPMENTS'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 ELGI EQUIPMENTS is operating at the current time. Most of ELGI EQUIPMENTS's value examination focuses on studying past and present price action to predict the probability of ELGI EQUIPMENTS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ELGI EQUIPMENTS's price. Additionally, you may evaluate how the addition of ELGI EQUIPMENTS to your portfolios can decrease your overall portfolio volatility.
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