Posted On: September 4, 2023

Stock Report: ORIENTBELL(NSE) 01 Sep 2023

Outlook: BEARISH

Sector: Industrials

Industry: Building Products & Equipment

Orient Bell Ltd is engaged in manufacturing, trading, and selling of ceramic and floor tiles. The firm’s products are floor tiles, school tiles, wall tiles, paver tiles, and others. It generates revenue from the sale of its finished goods. Geographically, the company generates a majority of its revenue within India. 

#xCalData predicts that # ORIENTBELL will continue its bearish phase over the next five days and trend within the range of 436 to 474.

In comparison to the previous month, the price of the stock has experienced a decline of 6.11% indicating a bearish.  

The Stock has doubled twice since 10 Feb 2015 and took an average of 3.2 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. 

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

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