Stock of Interest

Posted On: September 20, 2023

Stock Report: HBLPOWER(NSE) 18 Sep 2023

HBL Power Systems Ltd is engaged in the designing, developing, and manufacturing of different types of Batteries including Lead Acid, NiCad, Silver Zinc, Lithium; Railway and Defence Electronics, Solar Photovoltaic Modules, and other products. The Company operates its business under three segments namely industrial batteries, Defence & Aviation, and Electronics. The company has a presence in America, Europe, and the Middle East. It generates a vast majority of the revenues from the batteries segment within India. 

#xCalData predicts that # HBLPOWER will continue its bullish phase over the next five days and trend within the range of 254 to 276.   

In comparison to the previous month, the price of the stock has experienced an increase of 2.78% indicating a bullish. 

The Stock has doubled once since 07 Jan 2015 and took an average of 2.7 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 OBV indicate Bearish view. 

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

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