Stock of Interest

Posted On: October 14, 2023

Stock Report: CENTURYTEX(NSE) 12 Oct 2023

Century Textiles & Industries Ltd is a manufacturer with three main business segments: Textiles, Pulp and Paper, and Real Estate. The textiles division manufactures textiles, including suits, shirts, denim products, and bed linens, and rayon products, including various types of yarns and chemicals used to make textiles, tires, and household products. The Real Estates segment includes leased properties. The pulp and paper segment sells products including writing and printing paper, tissue paper, and paper board. Most of the company’s revenue is generated in India. Exports comprise less than 10% of total sales.

#xCalData predicts that # CENTURYTEX will continue its bullish phase over the next five days and trend within the range of 1132 to 1252.

In comparison to the previous month, the price of the stock has experienced an increase of 8.93% indicating a bullish.

The Stock has doubled once since 25 Feb 2015 and took an average of 1.6 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 Bullish side of the spectrum.

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

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