Stock of Interest

Posted On: July 31, 2023

Stock Report: SPIC (NSE) 28 July 2023 

Southern Petrochemical Industries Corporation Ltd (SPIC) is an Indian company based in Chennai, Tamil Nadu. It was established on 18th December 1969 and later became a joint venture between the M. A. Chidambaram Group and TIDCO in 1975. SPIC primarily engages in the manufacturing of fertilizer products. As of 2022, the company has 617 employees. In 2023, it reported a revenue of 2,849.45 crores INR (equivalent to approximately US$360 million). SPIC’s subsidiaries include SPIC Petrochemicals Limited and Orchard Microsystems Ltd. 

#xCalData predicts that #SPIC will continue its bearish phase over the next five days and trend within the range of 64 to 69. 

In comparison to the previous month, the price of the stock has experienced a decline of 0.08% indicating a bearish. 

The Stock has doubled twice since 07 Sep 2015 and took an average of 2.9 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 positive returns in 3 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Some of the technical indicator namely Aroon indicates Bullish view. 

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

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