Stock of Interest

Posted On: August 7, 2023

Stock Report: RAMANEWS (NSE) 04 Aug 2023 

Shree Rama Newsprint Ltd, a company established in 1991 and headquartered in India, is a notable player in the newsprint industry. With a workforce of around 285 employees as of 2022, the company has been actively engaged in the production and distribution of newsprint, serving various media outlets and contributing to the dissemination of information. Leveraging its expertise and experience, Shree Rama Newsprint Ltd has carved a space for itself in the market, playing a vital role in the printing and publication sectors. As it continues its operations, the company remains dedicated to providing quality newsprint products that support the media landscape’s growth and development.

#xCalData predicts that #RAMANEWS will continue its bearish phase over the next five days and trend within the range of 12 to 13.  

In comparison to the previous month, the price of the stock has experienced a decline of 6.82% indicating a bearish.

The Stock has doubled twice since 26 Mar 2015 and took an average of 0.4 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 4 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 Bearish side of the spectrum. Some of the technical indicator namely ASI, RVI, OBV indicates 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