Stock of Interest

Posted On: September 4, 2023

Stock Report: KSL(NSE) 01 Sep 2023

Kalyani Steels Ltd manufactures forging and engineering quality carbon and alloy steel. Its product portfolio consists of carbon steel, carbon-manganese steel, chrome steel, chrome-manganese steel, chrome-nickel steel, chrome-moly steel, low carbon chrome-nickel-moly steel, medium carbon cr-ni-mo steel and bearing steel. The company’s products are used in automotive forging, construction equipments, bearings, seamless tubes, and aluminum smelting. The majority of the revenue is generated by the sale of Rolled Products, As Cast Blooms and Pig Iron. These operating segment have been aggregated into one reportable business segment which is Forging and Engineering quality carbon and alloy steels. 

#xCalData predicts that KSL will continue its bullish phase over the next five days and trend within the range of 480 to 518. 

In comparison to the previous month, the price of the stock has experienced a increase of 16.68% indicating a bullish. 

The Stock has doubled twice since 30 Jun 2015 and took an average of 1.0 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 MFI indicate Bearish view. 

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

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