Posted On: October 5, 2023

Stock Report: GOLDIAM(NSE) 04 Oct 2023 

Outlook: Bearish

Sector: Consumer Cyclical 

Industry: Luxury Goods 

Goldiam International Ltd is an Indian company operating as a manufacturer of diamond-studded gold, platinum, and silver jewellery. The principal business activities of the company are manufacturing and exporting gold and silver jewellery. It operates in two segments: Jewellery Manufacturing and Investment Activity. Its products include engagement rings, wedding bands, anniversary rings, bridal sets, fashion jewellery earrings and pendants, and fashion jewellery and necklaces and earrings. It generates most of its revenue from the Jewellery Manufacturing segment. 

#xCalData predicts that # GOLDIAM will continue its bearish phase over the next five days and trend within the range of 122 to 132. 

In comparison to the previous month, the price of the stock has experienced a decline of 0.24% indicating a bearish.

The Stock has doubled five time(s) since 07 May 2015 and took an average of 1.3 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. 

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

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