Stock of Interest

Posted On: September 20, 2023

Stock Report: NEOGEN(NSE) 18 Sep 2023

Neogen Chemicals Ltd is engaged in the manufacturing of specialty chemicals that are used in the Pharmaceutical, Engineering and Agro-Chemical industries. The company manufactures bromine-based and lithium-based specialty chemicals. Its products include Organ bromine compounds, Chloro compounds, Inorganic bromine compounds, Lithium Salts, and others. Geographically, It generates the majority of the revenue from India and also exports to other countries.

#xCalData predicts that # NEOGEN will continue its bullish phase over the next five days and trend within the range of 1720 to 1871.   

In comparison to the previous month, the price of the stock has experienced an increase of 14.55% indicating a bullish. 

The Stock has doubled twice since 22 May 2019 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 4 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 Bullish side of the spectrum. 

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

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