Posted On: August 16, 2023

Stock Report: ASAHIINDIA(NSE) 14 AUG 2023 

Outlook: BEARISH

Sector: Consumer Cyclical        

Industry: Auto Parts   

Asahi India Glass Limited, known as AIS, is a glass solutions and manufacturing company in India. It was established in 1984. It manufactures automotive safety glass, float glass, architectural processed glass, and glass products.

#xCalData predicts that # ASAHIINDIA will continue its bearish phase over the next five days and trend within the range of 490 to 528.    

In comparison to the previous month, the price of the stock has experienced a decline of 3.03% indicating a bearish.

The Stock has doubled twice since 07 Jan 2015 and took an average of 3.4 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 MACD indicate Bullish view. 

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

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