Posted On: September 29, 2023

Stock Report: VRLLOG(NSE) 28 Sep 2023

Outlook: Bearish

Sector: Industrials

Industry: Trucking

VRL Logistics Ltd is engaged in the business of logistics services dealing mainly with goods and passenger transportation. The company operates through four segments namely, Goods transport, Bus operations, Sale of power and Transport of passengers by air. Its Goods transport segment, which generates key revenue for the company, uses a range of road transportation solutions for the customers, including less than full truckload and full truckload. It also does courier business for the transportation of small parcels and documents using a range of multi-model solutions. The Bus operations division offers services of transportation solutions through Buses. Geographically the group derives prime revenue from India. 

#xCalData predicts that # VRLLOG will continue its bullish phase over the next five days and trend within the range of 709 to 746. 

In comparison to the previous month, the price of the stock has experienced an increase of 6.15% indicating a bullish. 

The Stock has doubled once since 12 May 2015 and took an average of 6.5 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 Bullish side of the spectrum. Only some of the technical indicators namely MFI indicate Bearish view. 

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

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