Stock of Interest

Posted On: August 2, 2023

Stock Report: JBMA (NSE) 01 Aug 2023 

JBM Group, a prominent Indian conglomerate, was established in 1996 and has its headquarters in India. With a workforce of approximately 2,063 employees as of 2022, the company has shown considerable growth and success over the years. Among its notable subsidiaries is “JBM Ogihara Automotive India Ltd.” The group operates across diverse industries, including automotive, engineering, and manufacturing. They are renowned for their expertise in designing and manufacturing automotive components and systems, as well as other products.

#xCalData predicts that #JBMA will continue its bullish phase over the next five days and trend within the range of   1382 to 1467. 

In comparison to the previous month, the price of the stock has experienced an increase of 4.77% indicating a bullish.

The Stock has doubled thrice since 13 Aug 2015 and took an average of 2.1 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.  Some of the technical indicator namely HeikinAshi, OBV, RVI indicates Bearish view. 

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

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