Stock of Interest

Posted On: October 3, 2023

Stock Report: LGBBROSLTD(NSE) 29 Sep 2023 

L.G.Balakrishnan & Bros Ltd is an India based company engaged in manufacturing of automotive chains, sprockets, and metal formed parts. It manufactures its products under the Rolon brand. The business segments of the company include Transmission, Metal forming and Others. The transmission products of the company are chains, sprockets, tensioners, belts, and brake shoes. The metal forming products consist of fine blanking for precision sheet metal parts, machined components, and wire drawing products. Geographically, the business presence of the group is seen in both India and internationally. It generates most of its revenue from the Transmission segment.

#xCalData predicts that # LGBBROSLTD will continue its bullish phase over the next five days and trend within the range of 988 to 1127. 

In comparison to the previous month, the price of the stock has experienced an increase of 8.51% indicating a bullish.

The Stock has doubled twice since 24 Aug 2015 and took an average of 3.8 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 Bullish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bearish view. 

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

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