Stock of Interest

Posted On: September 26, 2023

Stock Report: SHANKARA(NSE) 25 Sep 2023

Shankara Building Products Ltd is an organised retailer of home improvement and building products in India. The company’s operating segments include Retail, Channel and Enterprise. It generates maximum revenue from the Retail segment. The Retail segment offers construction materials, plumbing and sanitaryware, flooring, electrical items, and interior-exterior finishing. Its In-house brands include Taurus; Loha; Prince; Century Roof; Ganga and Ganga Gold and Prince Scaffolding.

#xCalData predicts that # SHANKARA will continue its bearish phase over the next five days and trend within the range of 650 to 738. 

In comparison to the previous month, the price of the stock has experienced a decline of 17.71% indicating a bearish.

The Stock has doubled once since 06 Apr 2017 and took an average of 0.4 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 Trendline indicate Bullish view. 

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

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