Stock of Interest

Posted On: July 20, 2023

Stock Report : SAGARDEEP(NSE) 19 Jul 2023

SagarDeep Alloys Ltd., established in 1972 and promoted by Mr. A. S. Mehta, boasts over 35 years of experience in the Indian market. As the umbrella brand of Sagar Metals, the company is highly trusted and reputed for supplying a wide range of products, including alloys consumables, Copper pipes and tubes, Copper flats, Copper coils, Copper rods, Copper anodes, Copper nuggets, Copper plates, Stainless Steel sheets / coils, rods, pipes, and tubes, as well as Seamless pipes, Sheets, Copper & Brass scrap in India and globally.The company’s production unit (Yard) is equipped with cutting-edge technology and modern machinery, ensuring the delivery of high-quality products. The success and popularity of SagarDeep Alloys can be attributed to the dedicated and skilled team of workers, technicians, and professionals who consistently strive for excellence. 

#xCalData predicts that SAGARDEEP will continue its bearish phase over the next five days and trend within the range of 21 to 20

In comparison to the previous month, the price of the stock has experienced a decline of 1.18% indicating a bearish.

The Stock has doubled once since 27 Mar 2019 and took an average of 1.2 years to double.

The stock has seasonality trend in the past.

Reviewing the returns for the past 4 years for the same week, we see the stock has given positive returns in 3 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only ASI indicates the Bullish Trend.

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

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