Stock of Interest

Posted On: July 21, 2023

Stock Report : SATIA (NSE) 20 Jul 2023

Satia Industries Limited is a prominent player in India’s paper manufacturing industry. As one of the largest producers, SIL specializes in crafting high-quality writing and printing paper using Wood Chips, Veneer Waste, Wheat Straw, and Sarkanda as raw materials. Founded in 1984 by Dr. Ajay Satia, the company has continually evolved and expanded its operations, maintaining a strong focus on modernization and efficiency. SIL’s manufacturing facility is fully integrated, comprising 4 Paper Machines, Pulping Machinery, Chemical Recovery plant, and Power Generation plant. This integration ensures cost efficiency and adherence to environmental standards, leading to favorable margins. In line with its commitment to sustainability, the company possesses 540 acres of eucalyptus plantations and adopts responsible water consumption practices to meet its future wood raw material needs. SIL’s diverse product mix includes Super Snow White, Snow White, Maplitho, Colored Paper, Ledger Paper, Cartridge Paper, Duplicating Paper, and Bond Paper with and without watermarks, catering to a wide range of printing needs. Industries Limited continues to thrive as a quality-driven and environmentally conscious paper manufacturer.

#xCalData predicts that #SATIAwill continue its bearish phase over the next five days and trend within the range of 113 to 109.

In comparison to the previous month, the price of the stock has experienced a decline of 1.33% indicating a bearish.

The Stock has doubled once since 07 Aug 2019 and took an average of 1.0 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. Only one technical indicator namely ASI and RSI 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