Stock of Interest

Posted On: August 30, 2023

Stock Report: SHALPAINTS(NSE) 29 Aug 2023 

Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Enamels, and Lacquers products. The company operates primarily into one segment that is Paints. Its product offerings comprise Interior walls paint, Exterior walls paint, Metal surfaces, Wooden surfaces, distempers, primers, putty, Heavy-duty protective coating, GI coating, packaging coating, and Marine coatings, and cement-based products.  

#xCalData predicts that #SHALPAINTS will continue its bullish phase over the next five days and trend within the range of 162 to 169. 

In comparison to the previous month, the price of the stock has experienced an increase of 6.1% indicating a bullish. 

The Stock has doubled once since 07 Sep 2015 and took an average of 1.0 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. 

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

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