Stock of Interest

Posted On: September 1, 2023

Stock Report: BRITANNIA(NSE) 31 Aug 2023

Britannia Industries Ltd is an Indian packaged-food company. Its main product categories are biscuits, breads, dairy, cakes, and rusks. The biscuits product line offers sweet biscuits under the GoodDay brand, crackers under the 5050 brands, nutritional and digestive biscuits under the NutriChoice brand, and other products. The bread products segment offers whole-wheat breads, white sandwich breads, and bread assortments. The dairy product line sells cheese, milk, and yogurt under the Britannia brand. The cake segment offers bar cakes, muffins, and many more.

#xCalData predicts that # BRITANNIA will continue its bearish phase over the next five days and trend within the range of 4324 to 4592. 

In comparison to the previous month, the price of the stock has experienced a decline of 6.8% indicating a bearish.

 
The Stock has doubled twice since 05 Feb 2015 and took an average of 2.7 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 4 years in the past. 

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

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

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