Stock of Interest

Posted On: August 17, 2023

Stock Report: SWARAJENG (NSE) 16 Aug 2023 

Swaraj Engines Ltd. (SEL) was promoted by erstwhile Punjab Tractors Limited (since merged with Mahindra and Mahindra Ltd.) and Kirloskar Oil Engines Ltd. in 1985. SEL is into manufacturing and supplying of diesel Engines in the range of 22 HP to above 65 HP. The company is equipped with highly productive & precise quality analysing machines. It is also manufacturing hi-tech engine components. 

#xCalData predicts that # SWARAJENG will continue its bearish phase over the next five days and trend within the range of 1963 to 2108.  

In comparison to the previous month, the price of the stock has experienced a decline of 2.32% indicating a bearish.

The Stock has doubled once since 13 Mar 2015 and took an average of 2.1 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 2 years in the past. 

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

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

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