Stock of Interest

Posted On: October 17, 2023

Stock Report: #PIDILITIND (#NSE) 16 Oct 2023

Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The consumer and bazaar products segment, which generates the majority of revenue, sells adhesives and sealants, construction paint chemicals, art and craft materials. The Business to Business segment sells industrial products such as industrial adhesives resins, and organic pigments and preparations. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of revenue comes from India.

#xCalData predicts that # PIDILITIND will continue its bearish phase over the next five days and trend within the range of 2384 to 2521.

In comparison to the previous month, the price of the stock has experienced a decline of 2.12% indicating a bearish.

The Stock has doubled twice since 08 Jan 2015 and took an average of 3.2 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 5 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Stochastic Oscillator indicate Bullish view.

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play.

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData