Stock of Interest

Posted On: October 19, 2023

#KAJARIACER (NSE) Stock Report | 18 Oct 2023

Kajaria Ceramics Ltd is a manufacturer of indoor floor and wand tiles. The product range includes ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware and faucets, and tile adhesives and grout. Kajaria Ceramics’ tiles and tile-related products are marketed through a distribution network of dealers and sub-dealers. The company operates in India, with production and the majority of sales focused in India.

#xCalData predicts that # KAJARIACER will continue its bearish phase over the next five days and trend within the range of 1201 to 1298.

In comparison to the previous month, the price of the stock has experienced a decline of 8.2% indicating a bearish.

The Stock has doubled twice since 06 Jan 2015 and took an average of 3.3 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 Bearish side of the spectrum. Only some of the technical indicators namely Fibonacci Retracement indicate Bullish view.

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

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