PERMAGN -  India Stock  

INR 442.00  12.20  2.84%

PERMANENT MAGNETS is selling for 442.00 as of the 22nd of October 2021. This is a 2.84 percent increase since the beginning of the trading day. The stock's open price was 429.8. PERMANENT MAGNETS has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for PERMANENT MAGNETS LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of July 2021 and ending today, the 22nd of October 2021. Click here to learn more.
 Market Performance
5 of 100
  Odds Of Distress
Less than 1
Permanent Magnets Limited manufactures and sells alnico cast magnets and yoke assemblies, parts, and accessories of electricity meters worldwide. Permanent Magnets Limited was incorporated in 1960 and is based in Thane, India. PERMANENT MAGNETS operates under Electrical Equipment Parts classification in India and is traded on Bombay Stock Exchange. The company has 8.6 M outstanding shares. More on PERMANENT MAGNETS LTD
Follow Valuation Odds of Bankruptcy
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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. PERMANENT MAGNETS's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding PERMANENT MAGNETS or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
PERMANENT MAGNETS has very high historical volatility over the last 90 days
PERMANENT MAGNETS is unlikely to experience financial distress in the next 2 years
About 84.0% 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 PERMANENT MAGNETS's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldOvervalued
PERMANENT MAGNETS LTD (PERMAGN) is traded on Bombay Stock Exchange in India and employs 106 people. The company currently falls under 'Mid-Cap' category with current market capitalization of 3.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate PERMANENT MAGNETS's market, we take the total number of its shares issued and multiply it by PERMANENT MAGNETS'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. PERMANENT MAGNETS LTD operates under Industrials sector and is part of Electrical Equipment & Parts industry. The entity has 8.6 M outstanding shares. PERMANENT MAGNETS LTD has accumulated about 81.4 M in cash with 114.97 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.46.
Check PERMANENT MAGNETS Probability Of Bankruptcy
PERMANENT MAGNETS LTD has a total of 8.6 Million outstanding shares. PERMANENT MAGNETS holds 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. 84.46 pct. of PERMANENT MAGNETS LTD outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check PERMANENT Ownership Details

PERMANENT Stock Price Odds Analysis

What are PERMANENT MAGNETS's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of PERMANENT MAGNETS jumping above the current price in 90 days from now is about 1.03%. The PERMANENT MAGNETS LTD probability density function shows the probability of PERMANENT MAGNETS stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon PERMANENT MAGNETS has a beta of 0.3099 indicating as returns on the market go up, PERMANENT MAGNETS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PERMANENT MAGNETS LTD will be expected to be much smaller as well. Additionally, the company has an alpha of 0.3356, implying that it can generate a 0.34 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 442.0HorizonTargetOdds Up 442.0 
98.96%90 days
Based on a normal probability distribution, the odds of PERMANENT MAGNETS to move above the current price in 90 days from now is about 1.03 (This PERMANENT MAGNETS LTD probability density function shows the probability of PERMANENT 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. PERMANENT MAGNETS market risk premium is the additional return an investor will receive from holding PERMANENT MAGNETS 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 PERMANENT MAGNETS. 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 PERMANENT MAGNETS's alpha and beta are two of the key measurements used to evaluate PERMANENT MAGNETS's performance over the market, the standard measures of volatility play an important role as well.

PERMANENT Stock Against Markets

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

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Our tools can tell you how much better you can do entering a position in PERMANENT MAGNETS 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.

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Please check Your Equity Center. Note that the PERMANENT MAGNETS LTD information on this page should be used as a complementary analysis to other PERMANENT MAGNETS'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 Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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