Stock of Interest

Posted On: October 17, 2023

Stock Report: #JINDALSAW (#NSE) 16 Oct 2023

Jindal Saw Ltd is an Indian manufacturer and supplier of iron and steel pipes, fittings, and pellets. Its products can be used in oil and gas exploration, transportation, power generation, the supply of drinking water, drainage, and irrigation, as well as other industrial applications. It operates in two segments namely Iron and steel products and Waterways Logistics. The company operations are located in India, United States, Italy, United Arab Emirates, and Algeria. Geographically, it generates the majority of the revenue from India.

#xCalData predicts that # JINDALSAW will continue its bullish phase over the next five days and trend within the range of 328 to 397.

In comparison to the previous month, the price of the stock has experienced an increase of 13.5% indicating a bullish.

The Stock has doubled twice since 15 Jun 2015 and took an average of 4.0 years to double.

The stock has 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 4 years in the past.

Majority of the technical ratios 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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