Stock of Interest

Posted On: September 4, 2023

Stock Report: SARDAEN(NSE) 01 Sep 2023

Sarda Energy & Minerals Ltd is an Indian based company engaged in producing steel and ferroalloys. Business activity of the firm is functioned through Steel, Ferro, and Power segments. It generates a majority of its revenue from the Steel segment. The company’s products include sponge iron, billets, ingots, TMT bars, ferroalloys, eco-bricks, and pellets, as well as wire rods/HB wires. Geographically all the business activity is functioned through the regions of India. 

#xCalData predicts that #SARDAEN will continue its bullish phase over the next five days and trend within the range of 236 to 260. 

In comparison to the previous month, the price of the stock has experienced an increase of 22.9% indicating a bullish. 

The Stock has doubled thrice since 07 Sep 2015 and took an average of 2.0 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 1 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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