Stock of Interest

Posted On: August 2, 2023

Stock Report: VISAKAIND (NSE) 01 Aug 2023 

Visaka Industries Ltd. is an Indian company that was founded in 1981. With its headquarters located in India, the company has grown to employ a workforce of 1,960 as of 2023. It operates in various sectors and has expanded its operations through subsidiaries like Atum Life Private Limited and Vnext Solutions Private Limited. Visaka Industries Ltd. is listed on the National Stock Exchange of India (NSE) under the stock symbol VISAKAIND. Over the years, the company has established itself as a significant player in the market, with a diverse portfolio and a growing presence in the industry.

#xCalData predicts that #VISAKAIND will continue its bearish phase over the next five days and trend within the range of 83 to 89. 

In comparison to the previous month, the price of the stock has experienced a decline of 5.54% indicating a bearish. .

The Stock has doubled thrice since 07 Sep 2015 and took an average of 2.9 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. Some of the technical indicator namely ASI, RSI indicates Bullish view. 

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

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