Introduction

Filatex India Ltd. is a holding company, which engages in the manufacture and trade of synthetic yarn and textiles. Its products include partially oriented yarn, polyester textured yarn, fully drawn yarns, polypropylene yarn, narrow woven fabrics, and monofilament yarns.

Observation

Stock trade all the ema with huge trade volume and make lower highs after breakout its last swing low stock can go as high as my given levels.

10-day series (Day 6)

What is Standard Deviation? 🤔

Here is the advance answer with example 👇

Standard Deviation

Standard deviation measures the amount of variation or dispersion of a set of values. In finance, it's often used to gauge the volatility of an asset's returns.

Example:

Suppose you have two stocks: Stock A and Stock B.

●Stock A has returns of 5%, 10%, 15%, 10%, and 5%.

●Stock B has returns of -10%, 20%, -15%, 25%, and -5%.

Scenario:

●Stock A has less fluctuation in its returns, indicating lower risk.

●Stock B has more fluctuation in its returns, indicating higher risk.

●The standard deviation of Stock B’s returns would be higher than that of Stock A.

Summary: Standard deviation helps measure how much an investment's returns can deviate from its average return, indicating its volatility and risk level.

Let's touch fundamentals

Stock is 23, ROCE 12.65, ROE 9.61, Pledge zero, Public Holding 28%, Promotor holding 65%, 

1. U.S. boutique investment firm GQG Partners Inc was the largest buyer in a stake sale of India's Ambuja Cements by an Adani-owned company on Friday.Adani-owned Holderind Investments, which had a nearly 51% stake in Ambuja Cements as of June-end, had offered a 2.8% stake worth $500 million.WHY IT'S IMPORTANTGQG Partners was the first to invest in Adani group companies after a report by short-seller Hindenburg Research triggered a stock rout early last year. The firm's $1.87 billion infusion in four Adani group companies helped restore some confidence in the conglomerate.It was also among the 50 investors in Adani Energy Solutions'recent $1 billion share sale.On Thursday, broadcaster CNBC TV-18 reported that the ports-to-power conglomerate is mulling a stake sale in Adani Power too, beside Ambuja, to trim its debt.

2. Tata Power Solar Systems, a step-down subsidiary of Tata Power, partnered with ICICI Bank to offer financing options for solar panel ownership for residential and corporate customers, according to a press release filed with the Indian bourses on Friday.Under the tie-up, customers can avail ICICI Bank loans of up to 9 million Indian rupees with collateral-free options and tenure of up to five years, or loans of higher amounts with collaterals with tenures of up to 20 years, to help them buy solar units from Tata Power Solar Systems.Shares of Tata Power fell 1% at close of trade, while shares of ICICI Bank rose 1%.

3. Wipro Indian IT services company has received a four-year extension for its contract with John Lewis Partnership (JLP) to transform and modernize the latter's IT infrastructure, according to a Thursday filing to the stock exchanges.Under the renewed pact, Wipro FullStride Cloud will provide John Lewis with cloud infrastructure, network, and end-user services for another four years.The deal was signed in the fiscal fourth quarter of the 2023-24 financial year.

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Mon Aug 26, 2024