Stock of Interest

Posted On: August 2, 2023

Stock Report: CENTENKA (NSE) 01AUG 23 

The formation of Century Enka Limited in the year 1965, was the result of keen interest taken by Mr. B.K. Birla in collaboration with AKZO Nobel of Netherlands. Over the years, it has emerged a reputed producer of high-quality Nylon Tyre Cord Fabric (NTCF) used as reinforcement material in bias tyres and Nylon Filament Yarn (NFY) used mainly by apparel industry. A part of the Aditya Birla Group, Century Enka is known for high quality, product innovation, fair business practices and customer satisfaction. 

xCalData predicts CENTENKA will continue its Bullish phase over the next five days and trend in the range of 425 to 456. 

In comparison to the previous month, the price of the stock has experienced an increase of 1.58% indicating a Bullish. 

The Stock has doubled twice since 27 Mar 2015 and took an average of 3.4 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 5 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. only Coppock curve and Trendline indicates bearish trend. 

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

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