Stock of Interest

Posted On: October 9, 2023

Stock Report: AIAENG(NSE) 06 Oct 2023

AIA Engineering Ltd is an India-based company that develops, manufactures, and distributes chromium consumable wear parts, including grinding media, shell liners, diaphragms, grinding tables, heat-resistant castings, cone crushers, and others. The company’s products are applied in the crushing/grinding processes in the cement, mining, thermal power, and other sectors. AIA Engineering Ltd generates most of its sales from markets outside of India. Vega Industries, a wholly owned subsidiary of this company, is responsible for distributing the company’s products outside India.

#xCalData predicts that # AIAENG will continue its bearish phase over the next five days and trend within the range of 3265 to 3565.  

  

In comparison to the previous month, the price of the stock has experienced a decline of 4.74% indicating a bearish. 

The Stock has doubled once since 14 Dec 2015 and took an average of 2.6 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 3 years in the past. 

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

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

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