Stock of Interest

Posted On: July 13, 2023

Stock Report : INDIACEM (NSE) 12 Jul 2023

The India Cements Limited is a prominent cement manufacturing company headquartered in Chennai. Established in 1946 by S. N. N., it has grown to become the 9th largest listed cement company in India in terms of revenue. The company is led by N. Srinivasan, who is renowned for his roles as the former chairman of the International Cricket Council and the president of the Board of Control for Cricket in India. With a workforce of 1,912 employees as of 2022, The India Cements Limited has established itself as a major player in the cement industry. In 2021, the company reported a revenue of 4,510 crores INR (equivalent to approximately US$560 million).

#xCalData predicts that #INDIACEM will continue its bearish phase over the next five days and trend within the range of 216 to 206.

In comparison to the previous month, the price of the stock has experienced a decline of 3.30% indicating a bearish.

The Stock has doubled twice since 24 Aug 2015 and took an average of 3.6 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 4 years in the past.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory.