Stock of Interest

Posted On: August 7, 2023

Stock Report: SPIC(NSE) 04 Aug 2023 

Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertilizer manufacturing companies in the country located at Thoothukudi in the State of Tamil Nadu. It is a joint venture founded by Dr M A Chidambaram and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution. SPIC is one of the earliest units set up in the country with a vision to produce high quality fertilizers to improve the agricultural output of the country.

#xCalData predicts that # SPIC will continue its bearish phase over the next five days and trend within the range of 65 to 68. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.07% 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 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 OBV indicate Bullish view. 

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

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