• search
Breaking News
Home
Metal

Metal

How to make most of the metals sector rally

Tata Steel has seen a strong breakout and short-term traders could look at buying this stock, says Kunal Bothra of kunalbothra.co.in. Excerpt from an...

(0) Comments
46 Views
Steel stilled: CRISIL Report

Cushioning near-term blow attains priority The extended lockdown to contain the Covid-19 pandemic has dealt a telling blow to the steel industry. With...

(0) Comments
68 Views

CNX Metal : Historical Price to Earning : October 16, 2020

Low PE ratio indicates that the index is trading at discounted value. High PE ratio indicates the reverse. However, PE ratio shouldn’t be referred in isolation. For correct assessment, one should refer to other fundamentals aspects along with this ratio.

CNX Metal : Historical Price to Book : October 16, 2020

Low PB ratio indicates that the index is trading at discounted value. High PB ratio indicates the reverse. However, PB ratio shouldn’t be referred in isolation. For correct assessment, one should refer to other fundamentals aspects along with this ratio.

CNX Metal : Historical EPS Vs. Index : October 16, 2020

a) On comparing Index growth vs Earnings growth, we find that Nifty Metal Index is undervalued by 16%. 

b) For fair valuation, the Index and EPS lines should coincide.

c) To arrive at fair valuation, either the index rises by 16% or EPS falls by 14%.

Fund Performance : METAL Theme (16 October, 2020)

[ninja_tables id="7142"]

Returns < 1 year are absolute and over 1 Year are Compounded Annualized.

Disclaimer : All investments in Mutual Funds carry risk of loss of Principal. No returns are guaranteed, any projections are indicative and subject to market fluctuations.

about us

Wealthstrategies.in is an independent and unbiased platform for India’s leading finance professionals to voice their opinion and communicate to their audience. The articles published here cover a wide range of  Mutual Funds, ETFs, PMS, Taxation, Financial Planning, Estate Planning, Equity, Bonds, Debentures, Gold and Real Estate. All contributors here are industry experts with decades of experience in their respective fields.