KANANI INDUSTRIES (India) Today

Equity ratings for KANANI INDUSTRIES are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of April 2021 and ending today, the 20th of October 2021. Click here to learn more.
KANANI INDUSTRIES cannot be verified against its exchange. Apparently, KANANI INDUSTRIES is not available for investing at the moment. Please verify the symbol is currently traded on National Stock Exchange of India. 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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KANANI INDUSTRIES 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. KANANI INDUSTRIES's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding KANANI INDUSTRIES or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
KANANI INDUSTRIES is not yet fully synchronised with the market data
KANANI INDUSTRIES has some characteristics of a very speculative penny stock
KANANI INDUSTRIES has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
KANANI INDUSTRIES has accumulated about 71.65 M in cash with (66.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.72.
Legal NameKANANI INDUSTRIES
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 KANANI INDUSTRIES's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
KANANI INDUSTRIES (KANANIIND) is traded on National Stock Exchange of India in India and employs 3 people. The company currently falls under 'Small-Cap' category with current market capitalization of 383.86 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate KANANI INDUSTRIES's market, we take the total number of its shares issued and multiply it by KANANI INDUSTRIES'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. KANANI INDUSTRIES operates under Consumer Cyclical sector and is part of Luxury Goods industry. The entity has 98.93 M outstanding shares. KANANI INDUSTRIES has accumulated about 71.65 M in cash with (66.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.72.
Check KANANI INDUSTRIES Probability Of Bankruptcy

KANANI Stock Against Markets

Picking the right benchmark for KANANI INDUSTRIES 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 KANANI INDUSTRIES 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 KANANI INDUSTRIES is critical whether you are bullish or bearish towards KANANI INDUSTRIES at a given time.
KANANI INDUSTRIES cannot be verified against its exchange. Apparently, KANANI INDUSTRIES is not available for investing at the moment. Please verify the symbol is currently traded on National Stock Exchange of India. 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 KANANI INDUSTRIES stock to make a market-neutral strategy. Peer analysis of KANANI INDUSTRIES could also be used in its relative valuation, which is a method of valuing KANANI INDUSTRIES by comparing valuation metrics with similar companies.
Check out Stocks Correlation. Note that the KANANI INDUSTRIES information on this page should be used as a complementary analysis to other KANANI INDUSTRIES'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 Price Transformation module to use Price Transformation models to analyze depth of different equity instruments across global markets.

Other Tools for KANANI Stock

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