Stock of Interest

Posted On: October 10, 2023

Stock Report: SIRCA(NSE) 09 Oct 2023 

Sirca Paints India Ltd is engaged in the marketing and distribution of paints and allied products. The company’s products include PU Clear Finishes, PU Pigmented Finishes, Special effects, Glass Coatings, Metal Coatings, Water Borne Coating, Stains, Leafing, Wood Filler, and others. The company operates in only one reportable business segment viz. “Wood Coating Products” and a single geographical segment Geographically, it operates only in Indi. 

#xCalData predicts that # SIRCA will continue its bearish phase over the next five days and trend within the range of 362 to 389. 

  

In comparison to the previous month, the price of the stock has experienced a decline of 10.45% indicating a bearish. 

The Stock has doubled twice since 31 Oct 2019 and took an average of 1.5 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 some of the technical indicators namely Relative Strength indicate Bullish view. 

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

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