Stock of Interest

Posted On: August 24, 2023

Stock Report: SANGHVIMOV(NSE) 23 Aug 2023 

Sanghvi Movers Ltd operates as a crane rental company in India. The company is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure and core sector areas with a fleet of medium to large size hydraulic truck mounted telescopic and lattice boom cranes. The Company generates its revenue by providing cranes, trailers on hire and other ancillary services within India. It provides services to turnkey projects, providing well-maintained equipment, technical services, and skilled manpower. 

#xCalData predicts that # SANGHVIMOV will continue its bullish phase over the next five days and trend within the range of 628 to 697. 

In comparison to the previous month, the price of the stock has experienced an increase of 18.29% indicating a bullish. 

The Stock has doubled once since 09 Jan 2015 and took an average of 0.6 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. Only some of the technical indicators namely RVI indicate Bearish view. 

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

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