Stock of Interest

Posted On: October 6, 2023

Stock Report: SATIN(NSE) 05 Oct 2023 

Satin Creditcare Network Ltd is a micro-finance company based in India. Its core services are non-banking financial services. The company also offers loans to individual businesses; loans to micro, small and medium enterprises, product loans for financing the purchase of solar lamps, bicycles, and consumer durables, and loans for the development of water connections and sanitation facilities. Geographically, it operates only in India. The Company operates in a single reportable segment i.e. financing which has similar risks and returns. The Company derives its major revenues from financing activities and its customers are widespread.  

#xCalData predicts that # SATIN will continue its bullish phase over the next five days and trend within the range of 222 to 252.  

In comparison to the previous month, the price of the stock has experienced an increase of 15.0% indicating a bullish. 

The Stock has doubled twice since 10 Sep 2015 and took an average of 0.4 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 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely MFI indicate Bearish view. 

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

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