SHREE PACETRONIX LTD. (527005) Is Yet to See Trading Action on Feb 14

February 14, 2018 - By Adrian Erickson

Shares of SHREE PACETRONIX LTD. (BOM:SHREEPAC) closed at 12.6 yesterday. SHREE PACETRONIX LTD. currently has a total float of shares and on average sees 800 shares exchange hands each day. The stock now has a 52-week low of 8.92 and high of 13.89.

BSE & NSE: Driving Indian Economy

The Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), the two primary stock exchanges in India representing 4% of the national gross domestic product (GDP), are among the world’s fastest growing and highly anticipated stock exchanges. This indicates that India is a thriving nation that will soon become one of Asia’s best assets.

The 1st Asian Stock Exchange

Established in 1875, the BSE is the first ever stock exchange in India and in Asia. In India, it is the first entity to acquire permanent acknowledgement under the Securities Contract Regulation Act of 1956.

More than a hundred years following its foundation, the BSE is now recognized as the 11th largest stock exchange in the world. The BSE has a market valuation of $1.70 trillion as of January 23, 2015. Moreover, it is also one of the fastest stock exchanges in the world, boasting with a six-microsecond speed.

Measuring the 30 most active stocks on the BSE is the SENSEX 30, which has a base value of 100 with its base date being 1978 to 1979. Companies are tracked based on certain factors such as depth, liquidity, market capitalization, among others.

On July 25, 1990, the BSE first recorded a four-digit figure. When the Bhartiya Janta Party won in the General Elections, the BSE first recorded a 5,000 figure on October 11, 1999. On February 6, 2006, it first recorded a 10,000 figure. On December 11, 2007, it first recorded a 20,000 figure. On March 4, 2015, it first recorded a 30,000 figure.

However, the BSE is not all about those feats. Like any other stock exchanges, it also had its worst days.

In January 2008, the BSE had recorded its biggest fall, losing over 2,000 points in just two consecutive sessions. In August 2015, it had also recorded a huge one-day decline, dropping more than 1,700 points after the Chinese equity market had fallen almost 9%. China is the biggest Asian economy, which is why all Asian markets also suffered from its own downturn. SHREE PACETRONIX LTD. is a stock traded on the Indian stock exchange.

The 1st Electronic Indian Stock Exchange

Founded in 1992, the NSE also takes pride in being a ‘first” it is the first stock exchange in India with electronic capabilities. Currently, Indian Index Services and Products (IISP) own and operate it, supporting roughly 230,000 terminals throughout the country.

Weighing the 50 most active stocks on the NSE is the NIFTY, which has a base value of 1,000 with its base date being 1995. Like BSE stocks, NSE stocks are also measured based on different factors such as market capitalization. SHREE PACETRONIX LTD. has relatively good liquidity.

The NIFTY represents a broader aspect of the corporate sector of India than the SENSEX 30. Regardless, both indices are reliable indicators of the whole Indian economy and national growth prospects as well.

The Asian economy is full of promising potentials. With India being one of the drivers pushing it to the global footprint, it is only reasonable to invest in BSE and NSE stocks today. Professional analysts might be interested how this will affect SHREE PACETRONIX LTD..

More notable recent SHREE PACETRONIX LTD. (BOM:SHREEPAC) news were published by: Prnewswire.com which released: “Global cardiac pacemaker devices market is expected to grow at a CAGR of 3.3 …” on January 24, 2018, also Businesswire.com with their article: “Global Next Generation Pacemaker & ICD Market (2017-2023) – Key Players are …” published on June 19, 2017, Globenewswire.com published: “Global Pacemakers and Implantable Cardioverter Defibrillators (ICDs) Market …” on June 19, 2017. More interesting news about SHREE PACETRONIX LTD. (BOM:SHREEPAC) were released by: Digitaljournal.com and their article: “The Global Electroceutical Market Forecast 2017-2027” published on October 13, 2017 as well as Medgadget.com‘s news article titled: “Implantable Cardioverter Defibrillator Market Size, Industry Growth, Trends …” with publication date: December 11, 2017.

Shree Pacetronix Limited, together with its subsidiary, Shree Coratomic Limited, makes and sells implantable cardiac pacemakers in India. The company has market cap of $. The Company’s products include pacing leads and pacing system analyzers. It currently has negative earnings. The firm also provides medical and surgical equipment, as well as orthopedic appliances; and contract manufacturing services to various companies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.