Posted On: September 5, 2023

Stock Report: DECCANCE(NSE) 04 Sep 2023

Outlook: Bullish

Sector: Basic Materials

Industry: Building Materials

Deccan Cements Ltd is engaged in the manufacturing and marketing of cement in India. It produces cement in form of Clinker, Portland cement, Slag cement and similar. In addition, it is also engaged in the generation of electricity. Its power division includes Thermal, Hydel, and Wind. The firm sells its product under Deccan Cements brand.

#xCalData predicts that # DECCANCE will continue its bullish phase over the next five days and trend within the range of 521 to 558. 

In comparison to the previous month, the price of the stock has experienced a increase of 14.23% indicating a bullish. 

The Stock has doubled twice since 24 Mar 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 Trendline indicate Bearish view. 

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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