Stock of Interest

Posted On: October 19, 2023

#SURYAROSNI (NSE) Stock Report | 18 Oct 2023

Surya Roshni Ltd is an Indian-based company involved in the manufacturing and marketing of lighting and steel tube products. The business activity of the firm has functioned through Steel pipes and Strips and Lighting and consumer durables segments. The Steel Pipe and Strips segment manufacturing and sale of steel pipes, cold rolled strips and steel structures. The Lighting and consumer durables segment is engaged in the manufacturing and sale of different varieties of Lamps, fittings, Fans, Appliances and allied items. Geographically all the business operations are operated from India, however, the business presence and the products are sold within the Indian and international market.

#xCalData predicts that # SURYAROSNI will continue its bullish phase over the next five days and trend within the range of 554 to 625.

In comparison to the previous month, the price of the stock has experienced an increase of 12.07% indicating a bullish.

The Stock has doubled twice since 14 Jan 2015 and took an average of 1.5 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 4 years in the past.

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely KDJ indicate Bearish view.

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

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