Stock of Interest

Posted On: July 21, 2023

Stock Report : JKLAKSHMI (NSE) 20 Jul 2023

JK Lakshmi Cement Limited, a company listed on the National Stock Exchange of India (NSE) under the stock name JKLAKSHMI, is currently facing a bearish outlook in the market. The company operates in the Basic Material sector and has a rich history, founded back in 1938. Its headquarters are based in India, where it employs approximately 1,680 people as of 2022. JK Lakshmi Cement Limited is not just a standalone entity but also has subsidiaries, including Udaipur Cement Works and Hansdeep Industries & Trading Company Limited. Despite its established presence and diversified business operations, the company is currently experiencing challenges in the stock market due to its bearish outlook. 

#xCalData predicts that #JKLAKSHMI will continue its bearish phase over the next five days and trend within the range of 687 to 655. 

In comparison to the previous month, the price of the stock has experienced a decline of 7.67% indicating a bearish. 

 The Stock has doubled once since 09 Jun 2015 and took an average of 6.1 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 positive returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only one technical indicator namely ASI indicate Bullish view. 

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

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