NOVA IRON (India) Today

Equity ratings for NOVA IRON STEEL are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of December 2019 and ending today, the 7th of December 2021. Click here to learn more.
NOVA IRON STEEL cannot be verified against its exchange. Apparently, NOVA IRON 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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NOVA IRON 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. NOVA IRON's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NOVA IRON or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
NOVA IRON STEEL is not yet fully synchronised with the market data
NOVA IRON STEEL has some characteristics of a very speculative penny stock
NOVA IRON STEEL has high likelihood to experience some financial distress in the next 2 years
NOVA IRON STEEL has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations
The company has accumulated 1.93 B in total debt with debt to equity ratio (D/E) of 809.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. NOVA IRON STEEL has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due.
NOVA IRON STEEL has accumulated about 4.18 M in cash with (29.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12.
Legal NameNOVA IRON STEEL
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 NOVA IRON's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
NOVA IRON STEEL (NOVIS) is traded on Bombay Stock Exchange in India and employs 264 people. The company currently falls under 'Small-Cap' category with current market capitalization of 271.05 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NOVA IRON's market, we take the total number of its shares issued and multiply it by NOVA IRON'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. NOVA IRON STEEL operates under Basic Materials sector and is part of Steel industry. The entity has 36.14 M outstanding shares. NOVA IRON STEEL has accumulated about 4.18 M in cash with (29.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12.
Check NOVA IRON Probability Of Bankruptcy

NOVIS Stock Against Markets

Picking the right benchmark for NOVA IRON 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 NOVA IRON 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 NOVA IRON is critical whether you are bullish or bearish towards NOVA IRON STEEL at a given time.
NOVA IRON STEEL cannot be verified against its exchange. Apparently, NOVA IRON 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 NOVA IRON stock to make a market-neutral strategy. Peer analysis of NOVA IRON could also be used in its relative valuation, which is a method of valuing NOVA IRON by comparing valuation metrics with similar companies.
Check out Stocks Correlation. Note that the NOVA IRON STEEL information on this page should be used as a complementary analysis to other NOVA IRON'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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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