Stock of Interest

Posted On: September 1, 2023

Stock Report: PAGEIND(NSE) 31 Aug 2023

Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey- and Speedo-branded apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute Most of the company’s revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. Most of the company’s sales are in India. 

#xCalData predicts that #PAGEIND will continue its bullish phase over the next five days and trend within the range of 38376 to 41079.   

In comparison to the previous month, the price of the stock has experienced an increase of 6.21% indicating a bullish.  

The Stock has doubled twice since 14 Jan 2015 and took an average of 3.6 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 Bullish side of the spectrum. Only some of the technical indicators namely Stochastic Oscillator indicate Bearish view. 

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

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