Equity ratings for FILATEX INDIA LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of April 2022 and ending today, the 23rd of May 2022. Click here to learn more.
FILATEX INDIA LTD cannot be verified against its exchange. It appears that FILATEX INDIA 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.

FILATEX INDIA 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. FILATEX INDIA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding FILATEX INDIA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
FILATEX INDIA LTD is not yet fully synchronised with the market data
FILATEX INDIA LTD has some characteristics of a very speculative penny stock
About 74.0% of the company shares are held by company insiders
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 FILATEX INDIA's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
FILATEX INDIA LTD (FILATEX) is traded on Bombay Stock Exchange in India and employs 2,633 people. The company currently falls under 'Large-Cap' category with current market capitalization of 25.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate FILATEX INDIA's market, we take the total number of its shares issued and multiply it by FILATEX INDIA'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. FILATEX INDIA LTD operates under Consumer Cyclical sector and is part of Textile Manufacturing industry. The entity has 220.82 M outstanding shares. FILATEX INDIA LTD has accumulated about 125.38 M in cash with 1.57 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57.
Check FILATEX INDIA Probability Of Bankruptcy

FILATEX Stock Against Markets

Picking the right benchmark for FILATEX INDIA 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 FILATEX INDIA 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 FILATEX INDIA is critical whether you are bullish or bearish towards FILATEX INDIA LTD at a given time.
FILATEX INDIA LTD cannot be verified against its exchange. It appears that FILATEX INDIA 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 FILATEX INDIA stock to make a market-neutral strategy. Peer analysis of FILATEX INDIA could also be used in its relative valuation, which is a method of valuing FILATEX INDIA by comparing valuation metrics with similar companies.


You need to understand the risk of investing before taking a position in FILATEX INDIA. The danger of trading FILATEX INDIA LTD is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of FILATEX INDIA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than FILATEX INDIA. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile FILATEX INDIA LTD is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities. Note that the FILATEX INDIA LTD information on this page should be used as a complementary analysis to other FILATEX INDIA'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Other Tools for FILATEX Stock

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