Stock of Interest

Posted On: August 11, 2023

Stock Report: RATNAMANI (NSE) 10 Aug 23 

Ratnamani Metals & Tubes Ltd, based in Ahmedabad, Gujarat, India, is a notable company renowned for its production of metals and tubes. Its core focus lies in the manufacturing of an extensive array of stainless steel, carbon steel, and alloy steel pipes and tubes. These products find utility across diverse sectors including oil and gas, petrochemicals, water treatment, and chemicals. Ratnamani Metals & Tubes has effectively positioned itself as a significant player in India’s metal and tube manufacturing industry. 

#xCalData predicts #RATNAMANI will continue its Bullish phase over the next five days and trend in the range of 2697.0 to 2542.0.  

In comparison to the previous month, the price of the stock has experienced an increase of 8.16% indicating a bullish.    

The Stock has doubled twice since 08 Dec 2015 and took an average of 2.8 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. 

All of the technical ratio’s trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish 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. 

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