Stock of Interest

Posted On: September 27, 2023

Stock Report: TATAMETALI(NSE) 26 Sep 2023

Tata Metaliks Ltd is an India-based company engaged in the production and sale of pig iron. Business activity of the firm functions through Pig Iron and Ductile Iron (DI) Pipes segments. It generates maximum revenue from the Pig Iron segment. These products are used in various applications including pressure tight precision castings, rolling mill rolls, motor and generator housings, automobile engine blocks, crankshafts, and gears. Geographically, it derives a majority of its revenue from India.

#xCalData predicts that # TATAMETALI will continue its bullish phase over the next five days and trend within the range of 918 to 988. 

In comparison to the previous month, the price of the stock has experienced an increase of 9.91% indicating a bullish. 

The Stock has doubled thrice since 25 Aug 2015 and took an average of 0.7 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 Stochastic Oscillator indicate Bearish view. 

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData