Posted On: September 20, 2023

Stock Report: RAMKY(NSE) 18 Sep 2023

Outlook: Bullish

Sector: Industrials

Industry: Engineering & Construction

Ramky Infrastructure Ltd is a construction, infrastructure development, and management company. It provides construction and civil engineering services. The company’s segment includes Construction business and Developer business. The Construction business segment, which accounts for majority revenue, undertakes various projects such as water and wastewater projects, irrigation projects, industrial construction projects, transportation projects, building construction projects, and power transmission and distribution projects. Its Developer business segment includes industrial parks, transportation, integrated townships, and energy. It operates in India.

#xCalData predicts that # RAMKY will continue its bullish phase over the next five days and trend within the range of 554 to 616.  

In comparison to the previous month, the price of the stock has experienced an increase of 15.75% indicating a bullish.

The Stock has doubled thrice since 07 Sep 2015 and took an average of 0.7 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. 

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

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