NEELKANTH ROCKMINERALS is selling for 6.94 as of the 24th of July 2021. This is a 5.15 percent up since the beginning of the trading day. The stock's open price was 6.6. Equity ratings for NEELKANTH ROCKMINERALS LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of April 2021 and ending today, the 24th of July 2021. Click here to learn more.
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Neelkanth Rockminerals Limited manufactures and sells granite slabs and tiles, and mineral products in India and internationally. Neelkanth Rockminerals Limited was incorporated in 1988 and is based in Jodhpur, India. NEELKANTH ROCKMINERALS operates under Building Materials classification in India and is traded on Bombay Stock Exchange. more on NEELKANTH ROCKMINERALS
NEELKANTH ROCKMINERALS is not yet fully synchronised with the market data
NEELKANTH ROCKMINERALS generates negative expected return over the last 90 days
About 62.0% of the company outstanding shares are owned by corporate 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 NEELKANTH ROCKMINERALS's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
NEELKANTH ROCKMINERALS LTD (NEELKAN) is traded on Bombay Stock Exchange in India and employs 5 people. The company currently falls under 'Micro-Cap' category with current market capitalization of 35 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NEELKANTH ROCKMINERALS's market, we take the total number of its shares issued and multiply it by NEELKANTH ROCKMINERALS'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. NEELKANTH ROCKMINERALS operates under Basic Materials sector and is part of Building Materials industry. The entity has 5.04 M outstanding shares.
Check NEELKANTH ROCKMINERALS Probability Of Bankruptcy

NEELKANTH Stock Price Odds Analysis

What are NEELKANTH ROCKMINERALS's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of NEELKANTH ROCKMINERALS jumping above the current price in 90 days from now is about 99.0%. The NEELKANTH ROCKMINERALS LTD probability density function shows the probability of NEELKANTH ROCKMINERALS stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon NEELKANTH ROCKMINERALS has a beta of 0.1127. This indicates as returns on the market go up, NEELKANTH ROCKMINERALS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NEELKANTH ROCKMINERALS LTD will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NEELKANTH ROCKMINERALS is significantly underperforming DOW.
 Odds Down 6.94HorizonTargetOdds Up 6.94 
1.12%90 days
Based on a normal probability distribution, the odds of NEELKANTH ROCKMINERALS to move above the current price in 90 days from now is about 99.0 (This NEELKANTH ROCKMINERALS LTD probability density function shows the probability of NEELKANTH Stock to fall within a particular range of prices over 90 days) .


Investors will always prefer to have the highest possible return on investment while minimizing volatility. NEELKANTH ROCKMINERALS market risk premium is the additional return an investor will receive from holding NEELKANTH ROCKMINERALS long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NEELKANTH ROCKMINERALS. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NEELKANTH ROCKMINERALS's alpha and beta are two of the key measurements used to evaluate NEELKANTH ROCKMINERALS's performance over the market, the standard measures of volatility play an important role as well.

NEELKANTH Stock Against Markets

Picking the right benchmark for NEELKANTH ROCKMINERALS 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 NEELKANTH ROCKMINERALS 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 NEELKANTH ROCKMINERALS is critical whether you are bullish or bearish towards NEELKANTH ROCKMINERALS LTD at a given time.

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 NEELKANTH ROCKMINERALS stock to make a market-neutral strategy. Peer analysis of NEELKANTH ROCKMINERALS could also be used in its relative valuation, which is a method of valuing NEELKANTH ROCKMINERALS by comparing valuation metrics with similar companies.
Additionally, see Stocks Correlation. Note that the NEELKANTH ROCKMINERALS information on this page should be used as a complementary analysis to other NEELKANTH ROCKMINERALS'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

Other Tools for NEELKANTH Stock

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