Stock of Interest

Posted On: October 3, 2023

Stock Report: ICIL(NSE) 29 Sep 2023 

Indo Count Industries Ltd is an India-based company principally engaged in the manufacturing and sale of textile products. The company generates the majority of its total revenue from the manufacture of bedding, quilts, pillows, sleeping bags, and more, with the rest from preparing and spinning cotton fiber. The company supplies products to a number of global retailers, such as Wal-Mart, JC Penney, and Target. The company has a global presence with a worldwide distribution network. Its major markets include the United States, Europe, the United Kingdom, and Australia, with the United States contributing a material portion of its total revenue. 

#xCalData predicts that # ICIL will continue its bearish phase over the next five days and trend within the range of 209 to 232. . 

In comparison to the previous month, the price of the stock has experienced a decline of 9.35% indicating a bearish.

The Stock has doubled twice since 07 Jan 2015 and took an average of 3.3 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 3 years in the past. 

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

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

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