Stock of Interest

Posted On: August 29, 2023

Stock Report: STERTOOLS(NSE) 28 Aug 2023 

Sterling Tools Ltd engages in the manufacture and trade of high tensile cold forged fasteners. The firm offers its products in various categories namely Standard Fasteners, Special Fasteners, Chassis Fasteners, and Engine Fasteners. Its products include bolts, nuts, screws, washers of iron and steel, and cold-forged high tensile fasteners for automobiles, general engineering, consumer durables, railways, and the auto replacement industry. The company has Five segments which includes Passenger Vehicles, Commercial Vehicles, Three-Wheelers, Two-Wheelers, Quadricycle and majority of revenue comes from Two-Wheelers. Geographically, the majority of the revenue comes from India.

#xCalData predicts that # STERTOOLS will continue its bullish phase over the next five days and trend within the range of 344 to 380. 

In comparison to the previous month, the price of the stock has experienced a increase of 6.29% indicating a bullish.

The Stock has doubled thrice since 26 Mar 2015 and took an average of 0.9 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.

Only some of the technical indicators namely Coppock Curve indicate Bearish view. Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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