Heckyl’s Risk Analytics System (RAS) has shown that the 11 out 50 Nifty companies have earned negative risk scores. The list of companies having negative risk scores was topped by Zee Entertainment, followed by Vedanta and Mahindra & Mahindra.
On the other hand, the Heckyl risk score has been the strongest for HDFC Bank in Nifty 50 companies. HDFC Bank was followed by HCL Technologies and Bajaj Finserv.
RAS is a useful tool for corporate lenders to get a 360-degree view on the portfolio companies through analysis of traditional and alternative data modules.
Zee Entertainment’s risk score turned negative in September last year. Since then, the risk score for Zee Entertainment has been on the downtrend.
A further deep-dive into the break-up of risk score in RAS has shown that the negative 100 scores for ownership, credit ratings and stock price modules have dragged Zee Entertainment’s overall risk score lower. Moreover, negative scores for directors and provident fund modules also weighed on the risk score.
RAS is the first of its kind innovative application that helps corporate lenders to get a 360-degree view on the portfolio companies through analysis of traditional and alternative data modules.