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Hindustan Aeronautics (BOM:541154) 6-Month Price Index : 2.02 (As of Jun. 01, 2024)


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What is Hindustan Aeronautics 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-06-01), Hindustan Aeronautics's 6-Month Price Index is 2.02.

Competitive Comparison of Hindustan Aeronautics's 6-Month Price Index

For the Aerospace & Defense subindustry, Hindustan Aeronautics's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hindustan Aeronautics  (BOM:541154) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hindustan Aeronautics  (BOM:541154) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Hindustan Aeronautics 6-Month Price Index Related Terms

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Hindustan Aeronautics (BOM:541154) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Hindustan Aeronautics Ltd (BOM:541154) » Definitions » 6-Month Price Index
Comparable Companies
NSE:BEL BOM:543237 BOM:541143 BOM:540678 BOM:543428 BOM:542011 BOM:533339 BOM:543367 BOM:543650 BOM:540879 RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX
Traded in Other Exchanges
HAL:India
Address
No. 15/1 Cubbon Road, Bengaluru, KA, IND, 560 001
Website
https://www.hal-india.co.in
Hindustan Aeronautics Ltd operates in the aerospace and defense sector. The company is engaged in the design, manufacturing, and development of products like aircraft, helicopters, systems and accessories, power plants, avionics, materials like castings, rolled rings, rubber products, and aerospace which include structures, tanks, and cryogenic engines. Geographically the company derives revenue from India and other countries, of which a majority of revenue is generated from India.

Hindustan Aeronautics (BOM:541154) Headlines

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