Posted On: September 12, 2023

Stock Report: APCL(NSE) 11 Sep 2023

Outlook: Bearish

Sector: Basic Materials

Industry: Building Materials

Anjani Portland Cement Ltd is an Indian-based firm primarily engaged in the manufacturing and trading of cement. The company’s operating segments include Cement and Power plant. Its product portfolio consists Ordinary Portland Cement (OPC) 53 Grade and 43 Grade; Portland Pozzolana Cement (PPC), and Rapid Hardening Portland Cement (RHPC). The company generates maximum revenue from the Cement segment. 

#xCalData predicts that # APCL will continue its bearish phase over the next five days and trend within the range of 186 to 202. 

In comparison to the previous month, the price of the stock has experienced a decline of 6.69% indicating a bearish.

The Stock has doubled once since 11 Aug 2017 and took an average of 4.0 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 Stochastic Oscillator indicate Bullish view. 

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

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