Stock of Interest

Posted On: August 19, 2023

Stock Report: ONWARDTEC(NSE) 17 Aug 2023 

Onward Technologies is an Indian multinational company offering digital, ER&D, and mobility services across industries like transportation, industrial equipment, and healthcare. With a workforce of 2,798 employees, it reported a net income of INR 11.5 crores (US$1.4 million) and revenue of INR 440.9 crores (US$55 million) in FY23. Founded in 1991 and headquartered in India, it operates under the parent organization Onward Network Technologies Private Limited. The company’s stock price on NSE was ₹568.30, reflecting a decrease of 1.30% on August 18 at 3:30 pm IST. Subsidiaries include Onward Technologies, Inc.    

#xCalData predicts that #ONWARDTEC will continue its bearish phase over the next five days and trend within the range of 552 to 637.  

In comparison to the previous month, the price of the stock has experienced a decline of 1.50% indicating a bearish.

The Stock has doubled thrice since 26 Mar 2015 and took an average of 2.4 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 5 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. ASI, OBV, RVI indicates Bearish Trend 

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

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