Stock of Interest

Posted On: September 14, 2023

Stock Report: SAGCEM(NSE) 13 Sep 2023

Sagar Cements Ltd is a manufacturer and supplier of cement and cement-related products in India. It manufactures varieties of cement such as Ordinary Portland Cement, Portland Pozzolana Cement (PPC), and Portland Slag Cement and among others. Its business segment includes Cement Manufacturing and Power Generation. The firm generates a majority of its revenue from the cement manufacturing segment.

#xCalData predicts that # SAGCEM will continue its bearish phase over the next five days and trend within the range of 218 to 237.   

In comparison to the previous month, the price of the stock has experienced a decline of 7.65% indicating a bearish. 

The Stock has doubled twice since 27 Mar 2015 and took an average of 3.1 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 Bearish side of the spectrum. Only some of the technical indicators namely MACD indicate Bullish view. 

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

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