Posted On: February 1, 2024

#AGARIND (NSE) Stock Report | 01 Feb 2024

Outlook: Bullish

Sector: Chemicals

Industry: Chemicals & Petrochemicals

About AGARIND:

Agarwal Industrial Corp Ltd is engaged in the business activities of manufacturing and trading of petrochemicals, logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through wind mills. The company’s operating segment includes Petrochemical business; Logistics and Windmill. It generates maximum revenue from the Petrochemicals segment which includes Bituminous and Allied Products. The company’s products categories include Paving Grade Bitumen; Industrial Grade Bitumen; Bitumen Emulsion for Road Construction; CRMB: Crumb Rubber Modified Bitumen; Polymer Modified bitumen (PMB); Byproducts/Waterproofing materials; and Bituminous Expansion Jointing Boards.

Forecast and Trend of the Stock:

AGARIND

Forecasting in investment involves historical data and analysis to make predictions about future market trends, asset prices, and economic conditions. Investors utilize this tool to assess risks and opportunities, allocate their capital wisely, and determine the most suitable investment strategies. Additionally, forecasting helps investors adjust their portfolios to align with their financial goals and risk tolerance.

#xCalData predicts that #AGARIND will continue its bullish phase over the next five days and trend within the range of 1065 to 1160.

Price History of the Stock:

In comparison to the previous month, the price of the stock has experienced an increase of 22.63% indicating a bullish.

Historical stock prices can reveal patterns and trends that help investors make informed decisions. Studying past performance can provide valuable insights into potential future movements.

AGARIND

Historical Doubling Period:

AGARIND

The AGARIND Stock has doubled thrice since 27 Mar 2015 and took an average of 2.8 years to double.

The historical doubling period, within the realm of finance, serves as a metric to gauge the duration it took for an investment, whether it’s a stock or any other asset, to increase in value twofold over a specified historical timeframe. It provides valuable insight into the growth rate and performance of an investment during that specific period.

Seasonality:

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past.

Seasonality in the stock market is a fascinating phenomenon that has intrigued investors and analysts for generations. It involves the recurring patterns and trends in stock prices at specific times of the year. Understanding stock market seasonality can offer valuable insights for investors, guiding them in making informed decisions and optimizing their investment strategies. In this blog, we’ll explore what seasonality means in the context of the stock market and provide real-world examples to illustrate its significance.

AGARIND

Technical Indicators:

AGARIND

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely PSL indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.

Technical indicators are essential tools used in technical analysis to help traders and investors make informed decisions in the financial markets. These indicators are typically derived from price, volume, or open interest data and are used to forecast future price movements or trends. They offer valuable insights into market behavior and can assist in entry and exit points for trading strategies.

xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play.

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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