New Delhi : The ongoing cold waves in the equity market notwithstanding, a US-listed Indian internet firm has registered a copyright in its name for an analogue designed to show how “hot” is a stock.
This feature, named “How hot is this stock” of Nasdaq-listed Indian online firm Rediff.com enables the users to reach a quick and snapshot conclusion about how a stock or mutual fund is fairing.
Rediff.com India has obtained copyright registration of a ‘virtual analogue representation´ titled as “How hot is a stock” having the features of an analogue dial, an advertisement by the company in a leading daily said.
The product is part of Rediff.com’s diverse content features and services offerings and would facilitate web users in availing stock market quotes within a very short period of time by accessing the service offering ‘rediff moneywise´ on its website.
The analogue dial computes the results based on last 15 days trading figures and shows data of the latest trading price, volume traded, MF holdings, sales and net profit margin.
The product also has a feature, wherein web users can compare the stock with other stocks of that segment. Further, it also has separate segments for latest announcements of the said stock, shareholding, capital structure, market capitalisation and quarterly results.
Under the subheading of ‘report card´, Rediff.com shows the PE ratio, EPS, sales, face value, net profit margin and return on average equity.