Posted On: October 16, 2023

Stock Report: BBTC(NSE) 13 Oct 2023

Outlook: Bearish

Sector: Consumer Defensive

Industry: Packaged Foods

Bombay Burmah Trading Corp Ltd together with its subsidiaries is engaged in tea and coffee plantation, manufacturing of dental products, auto ancillary products and real estate development. The company’s business segment comprise of Plantation – tea, Plantation – coffee, Auto electric components, Investments, Health care, Horticulture, Food – Bakery and dairy products, and Other.

#xCalData predicts that # BBTC will continue its bearish phase over the next five days and trend within the range of 1043 to 1276.

In comparison to the previous month, the price of the stock has experienced a decline of 4.66% indicating a bearish.

The Stock has doubled twice since 27 Apr 2015 and took an average of 1.2 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 5 years in the past.

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

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

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