Stock of Interest

Posted On: September 22, 2023

Stock Report: INDIANHUME(NSE) 21 Sep 2023

Indian Hume Pipe Co Ltd manufactures and markets Hume Pipes and allied products. It is engaged in the business of manufacturing, laying, and jointing pipelines. It has also been undertaking infrastructure development programs by way of execution on a turnkey basis for the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways. It operates in one Reportable Segment namely ‘Construction’. 

#xCalData predicts that # INDIANHUME will continue its bearish phase over the next five days and trend within the range of 225 to 251. 

In comparison to the previous month, the price of the stock has experienced a decline of 13.51% indicating a bearish.

The Stock has doubled twice since 27 Mar 2015 and took an average of 1.2 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 some of the technical indicators namely Relative Strength indicate Bullish view. 

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

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