Stock of Interest

Posted On: October 16, 2023

Stock Report: GPIL(NSE) 13 Oct 2023

Godawari Power & Ispat Ltd is an India-based fully integrated steel company with a presence across the steel value chain extending from iron ore mining to iron ore pellets and value-added steel products. The company has a single primary business segment Iron and Steel which includes captive power, as the captive power generated by the company is used for the production process of iron and steel. The group operates in India. The products offered by the group are Pellets, Sponge iron, Iron and steel billets, Wire rods, Hard black wires, Ferro-alloys, and others.

#xCalData predicts that # GPIL will continue its bullish phase over the next five days and trend within the range of 550 to 640.

In comparison to the previous month, the price of the stock has experienced an increase of 0.1% indicating a bullish.

The Stock has doubled 4 time(s) since 14 Dec 2015 and took an average of 1.4 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 2 years in the past.

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

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

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