Stock of Interest

Posted On: September 29, 2023

Stock Report: RKFORGE(NSE) 28 Sep 2023

Ramkrishna Forgings Ltd is an Indian based company, engages in the manufacture of forgings and production of metal products. Its product portfolio includes engine components, front and rear axle components, transmission components, crown wheels and bellcrank assemblies, and others. Its forgings are used in various industries and sectors, including automotive, earth moving and mining, farm equipment, general engineering, railways, steel plants and other. Geographically the company caters its services to both domestic and overseas market.

#xCalData predicts that # RKFORGE will continue its bearish phase over the next five days and trend within the range of 590 to 662. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.35% indicating a bearish. 

The Stock has doubled twice since 07 Jan 2015 and took an average of 4.0 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 Trendline indicate Bullish view. 

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

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