Stock of Interest

Posted On: August 17, 2023

Stock Report: CIGNITITEC (NSE) 16 Aug 2023 

Cigniti Technologies Limited, a pioneering company established in 1998 and headquartered in India, has steadily made its mark in the business landscape. With a current workforce of 3,891 dedicated employees in the year 2023, the company’s commitment to excellence is evident. Additionally, Cigniti Technologies Limited extends its reach through its subsidiary, Aparaa Digital Private Limited, showcasing a comprehensive approach to its operations. Notably, the company’s stock is traded under the symbol “CIGNITITEC” on the National Stock Exchange (NSE), reflecting its presence in the financial markets. Over its years of operation, Cigniti Technologies Limited has demonstrated its ability to adapt and innovate, solidifying its position in the industry and contributing to its reputation as a reliable and forward-looking enterprise. 

#xCalData predicts that #CIGNITITEC will continue its bearish phase over the next five days and trend within the range of 789 to 747.  

In comparison to the previous month, the price of the stock has experienced a decline of 4.56% indicating a bearish.

The Stock has doubled once since 12 Jun 2015 and took an average of 6.0 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 Bearish side of the spectrum. Only one technical indicator namely Trendline indicates Bullish view. 

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

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