Indian Stocks Based on Algo Trading: Returns up to 132.65% in 3 Months

Indian Stocks

Top Performing Indian Stocks: This forecast is part of the By Country Package, as one of I Know First’s algorithmic trading tools. The full forecast includes daily predictions for a total of 20 stocks with bullish and bearish signals:

  • Top 10 Indian stocks for the long position
  • Top 10 Indian stocks for the short position

Package Name: By Country – Indian Stocks
Recommended Positions: Long
Forecast Length: 3 Months (3/9/21 – 6/9/21)
I Know First Average: 28.46%
Indian Stocks
Indian Stocks chart

During the 3 Months forecasted period several picks in the By Country – Indian Stocks Package saw significant returns. The algorithm had correctly predicted 7 out 10 returns. The top-performing prediction in this forecast was RPOL.NS, which registered a return of 132.65%. Other notable stocks were ADAN.NS and PITE.NS with a return of 95.19% and 40.43%. The package had an overall average return of 28.46%, providing investors with a 25.49% premium over the S&P BSE’s return of 2.97% during the period.

Reliance Power Limited is engaged in the business of generation of power. The Company operates through two segments: Power generation and Associated business activities. The Associated business activities segment includes project management, supervision and support services for generation and allied processes. The Company’s projects under development include coal, gas, hydro, wind and solar-based energy projects. It develops, constructs and operates power projects both in India, as well as internationally. The Company on its own and through its subsidiaries has a portfolio of power generation capacity, both in operation, as well as capacity under development. It has approximately 6,000 megawatts (MW) of operational power generation assets. The projects under development include over three coal-fired projects; one gas-fired project, and approximately 10 hydroelectric projects. The Company’s project portfolio also includes 3,960 MW Sasan Ultra Mega Power Project in Madhya Pradesh.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.