Stock of Interest

Posted On: September 21, 2023

Stock Report: PRECWIRE(NSE) 20 Sep 2023

Precision Wires India Ltd is engaged in the manufacture of winding wires made of copper. The company produces Enamelled Round Winding Wires, Enamelled Strips, Paper Insulated Copper Conductors, and Continuously Transposed Conductors and Paper/Mica/Nomex Insulated Copper Conductors (PICC) which are used by the electrical/electronic industries. The wires are used in equipment such as rotating machines, alternators, hermetic motors, power and distribution transformers, ballasts, auto electricals, household appliances, and fans.

#xCalData predicts that # PRECWIRE will continue its bullish phase over the next five days and trend within the range of 118 to 135. 

In comparison to the previous month, the price of the stock has experienced an increase of 37.58% indicating a bullish.

The Stock has doubled thrice since 15 Jun 2015 and took an average of 2.2 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 4 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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