Stock of Interest

Posted On: October 17, 2023

#DALMIASUG (#NSE) 16 Oct 2023 – Stock Report:

Dalmia Bharat Sugar and Industries Ltd is engaged in the manufacturing and sale of sugar, and its downstream products -generation and sale of power and industrial alcohol. The group’s business activity functions through its own manufactured sugar, power, distillery, and other segments. The own manufactured sugar segment of the company derives the majority of its revenue includes the manufacture and marketing of sugar, the power segment includes the generation and sale of power, the distillery segment includes the production and sale of ethanol and the other segment includes magnesite, travel, and electronics activities of the company.

#xCalData predicts that # DALMIASUG will continue its bullish phase over the next five days and trend within the range of 434 to 485.

In comparison to the previous month, the price of the stock has experienced an increase of 10.76% indicating a bullish.

The Stock has doubled 4 time(s) since 20 Mar 2015 and took an average of 1.5 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. 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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