Posted On: August 19, 2023

Stock Report: GPIL (NSE) 17 Aug 23

Outlook: BULLISH

Sector: Basic Materials   

Industry: Textile Manufacturing 

GPIL is the flagship company of the Hira Group of Industries based in Raipur. It holds a prominent position in the steel industry’s long product segment, specializing in mild steel wire. Today, GPIL serves as a complete manufacturer of mild steel wires, covering the entire production process.

#xCalData predicts #GPIL will continue its Bullish phase over the next five days and trend in the range of 627.0 to 562.0. 

In comparison to the previous month, the price of the stock has experienced an increase of 11.20% indicating a bullish.   

The Stock has doubled fourice since 18 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 3 years in the past. 

All of the technical ratio’s 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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