Stock of Interest

Posted On: August 19, 2023

Stock Report: RUCHIRA (NSE) 17 AUG 23 

The Company is engaged in the manufacturing of Kraft Paper and Writing & Printing Paper. Writing and Printing Paper is used for multiple purposes like printing and stationery etc. The company’s white writing & printing paper is used in the fabrication of notebooks and writing material; the coloured paper is used in the fabrication of spiral notebooks, wedding cards, shade cards, children’s colouring books, coloured copier paper and bill books. Kraft Paper finds its application in the packaging Industry especially for making Corrugated Boxes / Cartons and for other packaging requirements. The special feature of its Kraft Paper is load bearing Capacity & tensile Strength which makes its most suitable for Corrugated packing application.  

#xCalData predicts RUCHIRA will continue its Bullish phase over the next five days and trend in the range of 128 to 142. 

In comparison to the previous month, the price of the stock has experienced an increase of 15.17 % indicating a Bullish. 

The Stock has doubled twice since 12 May2015 and took an average of 0.7 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 negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only Trendline indicates bearish. 

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

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