Nitin Castings (India) Today

Nitin Castings is trading at 96.85 as of the 28th of September 2021, a 4.14 percent up since the beginning of the trading day. The stock's open price was 93.0. Equity ratings for Nitin Castings Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of July 2021 and ending today, the 28th of September 2021. Click here to learn more.
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Nitin Castings Stock Profile

Nitin Castings Limited manufactures and sells alloy steel castings in India and internationally. Nitin Castings Limited was founded in 1964 and is based in Thane, India. Nitin Castings operates under Metal Fabrication classification in India and is traded on Bombay Stock Exchange. It employs 163 people. more on Nitin Castings
Nitin Castings is not yet fully synchronised with the market data
About 88.0% of the company outstanding shares are owned by corporate insiders
Legal NameNitin Castings Limited
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 Nitin Castings' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedOvervalued
Nitin Castings Limited (NITINCAST) is traded on Bombay Stock Exchange in India and employs 163 people. The company currently falls under 'Small-Cap' category with current market capitalization of 491.59 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nitin Castings's market, we take the total number of its shares issued and multiply it by Nitin Castings'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. Nitin Castings operates under Industrials sector and is part of Metal Fabrication industry. The entity has 5.14 M outstanding shares.
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Nitin Stock Against Markets

Picking the right benchmark for Nitin Castings 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 Nitin Castings 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 Nitin Castings is critical whether you are bullish or bearish towards Nitin Castings Limited 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 Nitin Castings stock to make a market-neutral strategy. Peer analysis of Nitin Castings could also be used in its relative valuation, which is a method of valuing Nitin Castings by comparing valuation metrics with similar companies.
Additionally, see Stocks Correlation. Note that the Nitin Castings information on this page should be used as a complementary analysis to other Nitin Castings' 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Tools for Nitin Stock

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