Stock of Interest

Posted On: October 11, 2023

Stock Report: #SESHAPAPER (#NSE) 10 Oct 2023 

Seshasayee Paper & Boards Ltd is engaged in manufacturing of printing and writing papers, packing and wrapping papers, and specialty papers. The company produces writing, printing, kraft, and poster papers; newsprint, coated/uncoated wood free, and tissue papers; and papers and boards for packaging applications. In addition, the company holds interests in properties. Geographically all the operations are functioned through the regions of Tamil Nadu, India. Seshasayee derives revenue from the sale of the papers. 

#xCalData predicts that # SESHAPAPER will continue its bearish phase over the next five days and trend within the range of 352 to 377. 

  

 
In comparison to the previous month, the price of the stock has experienced a decline of 0.07% indicating a bearish. 

The Stock has doubled thrice since 06 May 2015 and took an average of 2.5 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 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bullish view. 

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

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