Stock of Interest

Posted On: October 18, 2023

#ELECTCAST (NSE) Stock Report | 17 Oct 2023

Electrosteel Castings Ltd is a pipeline solution provider. Business activity of the firm is the manufacturing of ductile iron pipes, fittings, and cast-iron pipes. It offers a range of pipes which includes DI pipes, Electrolock pipes, and DI flanged pipes. In addition, it is also involved in the execution of turnkey projects as an engineering, procurement, and construction contractor for infrastructure projects. Geographically the activity is functioned through India, however, its products are sold within the Indian and international markets.

#xCalData predicts that # ELECTCAST will continue its bullish phase over the next five days and trend within the range of 86 to 100.

In comparison to the previous month, the price of the stock has experienced an increase of 33.66% indicating a bullish.

The Stock has doubled once since 08 Sep 2015 and took an average of 1.6 years to double.

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.

Majority of the technical ratios trend towards Bullish side of the spectrum.

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

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