Stock of Interest

Posted On: September 26, 2023

Stock Report: BHARATWIRE(NSE) 25 Sep 2023

Bharat Wire Ropes Ltd manufactures steel wire ropes, wire strands, and wire rope slings. The company produces mechanically spliced slings, hand spliced slings, earth wires, stay wires, guy wires, and spiral strands. The company also produces general purpose ropes, fishing ropes, crane ropes, structural ropes, elevator ropes, mining ropes, oil and gas ropes and shipping ropes. The firm caters to different industries including oil and gas, mining, fishing, ports and marine, elevator, power, transmission, railways, construction, infrastructure, defense, crane manufacturers. The company serves clients around the world.

#xCalData predicts that # BHARATWIRE will continue its bullish phase over the next five days and trend within the range of 253 to 278. 

In comparison to the previous month, the price of the stock has experienced an increase of 29.87% indicating a bullish.

The Stock has doubled twice since 10 Oct 2016 and took an average of 0.6 years to double. 

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 4 years for the same week, we see the stock has given negative returns in 4 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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