Posted On: October 3, 2023

Stock Report: TEXINFRA(NSE) 29 Sep 2023 

Outlook: Bearish

Sector: Real Estate

Industry: Real Estate Services 

Texmaco Infrastructure & Holdings Ltd is engaged in the Real Estate business. The company’s segments consist of Real Estate, Mini Hydro Power, and Job work services. It generates maximum revenue from the Real Estate segment. The company derives revenue in the form of rent. 

#xCalData predicts that # TEXINFRA will continue its bearish phase over the next five days and trend within the range of 62 to 72. 

In comparison to the previous month, the price of the stock has experienced a decline of 19.13% indicating a bearish.

The Stock has doubled once since 24 Aug 2015 and took an average of 1.9 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 Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

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

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