Stock of Interest

Posted On: August 24, 2023

Stock Report: POLYMED(NSE) 23 Aug 2023 

Poly Medicare Ltd engages in the manufacturing and sale of medical devices. It offers disposable medical devices for infusion therapy, blood management, gastroenterology, surgery and wound drainage, anaesthesia, and urology. Some of its products include Ventilator Circuit Combo Kits, Bain Circuits, Safety Introducer Needles, High-Pressure Vacuum Bottle-Triplet, Catheters, and others. Geographically, it derives most of its revenue from exports. The company operates under one segment namely Medical Devices. 

#xCalData predicts that # POLYMED will continue its bullish phase over the next five days and trend within the range of 1344 to 1529. 

In comparison to the previous month, the price of the stock has experienced an increase of 25.06% indicating a bullish.

The Stock has doubled twice since 27 Nov 2015 and took an average of 2.6 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 RVI indicate Bearish view. 

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

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