Posted On: September 12, 2023

Stock Report: UGARSUGAR(NSE) 11 Sep 2023

Outlook: Bearish

Sector: Consumer Defensive

Industry: Confectioners

Ugar Sugar Works Ltd is engaged in the manufacturing and sale of sugar. The company’s reportable segment include Sugar, Electricity, Petrol Pump, Industrial Alcohol and Potable Alcohol. It generates maximum revenue from the Sugar segment. Geographically, it operates only in India.

#xCalData predicts that # UGARSUGAR will continue its bearish phase over the next five days and trend within the range of 108 to 119. 

In comparison to the previous month, the price of the stock has experienced a decline of 12.1% indicating a bearish.

The Stock has doubled thrice since 02 Mar 2016 and took an average of 2.3 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 Bearish side of the spectrum. Only some of the technical indicators namely Coppock Curve indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish 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. 

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