NELCAST (India) Quote Today

NELCAST -  India Stock  

INR 88.75  5.20  5.53%

NELCAST is selling for under 88.75 as of the 5th of August 2021; that is -5.53 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 87.55. NELCAST has about a 42 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for NELCAST LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of July 2021 and ending today, the 5th of August 2021. Click here to learn more.
 Market Performance
4 of 100
  Odds Of Distress
Less than 42
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

NELCAST Stock Profile

Nelcast Limited manufactures and sells ductile and grey iron castings in India and internationally. Nelcast Limited was incorporated in 1982 and is based in Chennai, India. NELCAST operates under Metal Fabrication classification in India and is traded on Bombay Stock Exchange. It employs 1066 people. more on NELCAST
NELCAST LTD has very high historical volatility over the last 90 days
About 101.0% 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 NELCAST's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
NELCAST LTD (NELCAST) is traded on Bombay Stock Exchange in India and employs 1,066 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 6.46 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NELCAST's market, we take the total number of its shares issued and multiply it by NELCAST'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. NELCAST LTD operates under Industrials sector and is part of Metal Fabrication industry. The entity has 87 M outstanding shares. NELCAST LTD has accumulated about 479.99 M in cash with 317.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.52.
Check NELCAST Probability Of Bankruptcy
NELCAST LTD maintains a total of eighty-seven million outstanding shares. NELCAST LTD secures majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company outstanding shares. 100.68 % of NELCAST LTD outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Also note that almost eight hundred seventy thousand invesors are currently shorting NELCAST expressing very little confidence in its future performance.

Ownership Allocation (%)

Check NELCAST Ownership Details

NELCAST Stock Price Odds Analysis

What are NELCAST's target price odds to finish over the current price? Attributed to a normal probability distribution, the odds of NELCAST jumping above the current price in 90 days from now is nearly 4.15%. The NELCAST LTD probability density function shows the probability of NELCAST stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon NELCAST has a beta of 0.3097. This indicates as returns on the market go up, NELCAST average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NELCAST LTD will be expected to be much smaller as well. Additionally, the company has an alpha of 0.5918, implying that it can generate a 0.59 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 88.75HorizonTargetOdds Up 88.75 
95.82%90 days
Based on a normal probability distribution, the odds of NELCAST to move above the current price in 90 days from now is nearly 4.15 (This NELCAST LTD probability density function shows the probability of NELCAST Stock to fall within a particular range of prices over 90 days) .

NELCAST LTD Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NELCAST market risk premium is the additional return an investor will receive from holding NELCAST 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 NELCAST. 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 NELCAST's alpha and beta are two of the key measurements used to evaluate NELCAST's performance over the market, the standard measures of volatility play an important role as well.

NELCAST Stock Against Markets

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in NELCAST without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Idea Breakdown Now


Idea Breakdown

Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
All  Next Launch Module
Additionally, see Stocks Correlation. Note that the NELCAST LTD information on this page should be used as a complementary analysis to other NELCAST'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 Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Other Tools for NELCAST Stock

When running NELCAST LTD price analysis, check to measure NELCAST'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 NELCAST is operating at the current time. Most of NELCAST's value examination focuses on studying past and present price action to predict the probability of NELCAST's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NELCAST's price. Additionally, you may evaluate how the addition of NELCAST to your portfolios can decrease your overall portfolio volatility.
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Fundamental Analysis
View fundamental data based on most recent published financial statements
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities