Stock of Interest

Posted On: October 17, 2023

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

Rane Brake Linings Ltd manufactures and markets auto components. The company offers products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways. Geographically, it derives a majority of revenue from India and also has a presence in the Rest of the World. It is engaged in activities related to the manufacture and supply of auto components for the transportation industry.

#xCalData predicts that # RBL will continue its bullish phase over the next five days and trend within the range of 826 to 875.

In comparison to the previous month, the price of the stock has experienced an increase of 6.95% indicating a bullish.

The Stock has doubled twice since 07 Sep 2015 and took an average of 0.5 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 Aroon indicate Bearish view.

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

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