Posted On: September 29, 2023

Stock Report: PEL(NSE) 28 Sep 2023

Outlook: Bearish

Sector: Financial Services

Industry: Financial Conglomerates

Piramal Enterprises Ltd is a global business conglomerate with an interest in financial services and real estate. The company offers a wide range of financial products and solutions, with exposure across both Retail and Wholesale lending. 

#xCalData predicts that # PEL will continue its bearish phase over the next five days and trend within the range of 974 to 1044. 

In comparison to the previous month, the price of the stock has experienced a decline of 8.26% indicating a bearish.

The Stock has doubled once since 18 Sep 2015 and took an average of 0.8 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 Bearish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bullish view. 

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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