Stock of Interest

Posted On: August 17, 2023

Stock Report: MIDHANI (NSE) 16 AUG 23 

Mishra Dhatu Nigam Limited (MIDHANI) is a government-owned company in India that specializes in the production of specialized metals and alloys for various sectors, including aerospace, defence, and energy. Established in 1973, MIDHANI plays a crucial role in supporting India’s strategic and industrial requirements by providing high-performance materials like superalloys, titanium, and special steels. The company is known for its expertise in metallurgy, research, and development, contributing to India’s self-reliance in critical materials and components. MIDHANI’s products find applications in areas like aircraft, satellites, nuclear power, and more. 

#xCalData predicts MIDHANI will continue its Bullish phase over the next five days and trend in the range of 349 to 398.  

In comparison to the previous month, the price of the stock has experienced an increase of 22.75 % indicating a Bullish.    

The Stock has doubled once since 05 Apr 2015 and took an average of 1.8 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. 

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

 

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