Stock of Interest

Posted On: July 27, 2023

Stock Report : HINDCOMPOS (NSE) 26 Jul 2023

Hindustan Composites Limited is a pioneering company in India that has been at the forefront of developing, manufacturing, and marketing Friction Materials for the last 50 years. Their product range includes Brake Lining, Clutch Facing, Disc Brake Pad, Roll Lining, Brake Block, and more, all of which have set high standards in Quality and Technology. The company’s success is attributed to collaborations and in-house research & development efforts. With a wide range of products suitable for both general and specialized applications, Hindustan Composites caters to the diverse needs of core sector industries such as Automotive, Railways, Engineering, Mining, Aerospace, Steel, Chemical, and Oil Exploration. Their products have found extensive use in these sectors, further establishing the company’s reputation as a reliable and innovative provider of friction materials. 

#xCalData predicts #HINDCOMPOS will continue its Bullish phase over the next five days and trend in the range of 390.9 to 362.55. 

In comparison to the previous month, the price of the stock has experienced an increase of 9.94% indicating a bullish. 

The Stock has doubled once since 11 Jun 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 Bullish side of the spectrum. 

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

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