Stock of Interest

Posted On: October 17, 2023

#KRBL (#NSE) 16 Oct 2023 Stock Report

KRBL Ltd is a basmati rice processing company. The company’s operations include seed development, contract farming, procurement of paddy, storage, processing, packaging, branding, and marketing of basmati rice. Operating segments include Agri and energy. Agri includes agricultural commodities, such as rice, furfural, seed, bran, and bran oil. The energy segment includes power generation from wind turbines, husk-based power, and solar power. Geographical segments consist of India, the Middle East, and others. The India segment contributes the majority of income to the company.

#xCalData predicts that # KRBL will continue its bearish phase over the next five days and trend within the range of 362 to 392.

In comparison to the previous month, the price of the stock has experienced a decline of 10.63% indicating a bearish.

The Stock has doubled twice since 07 Jan 2015 and took an average of 1.1 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.

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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