Stock of Interest

Posted On: September 15, 2023

Stock Report: TINPLATE(NSE) 14 Sep 2023

The Tinplate Co of India Ltd (TCIL) is an India-based company engaged in manufacturing Electrolytic Tinplate (ETP) and tin free steel (TFS) in sheet and coil forms, including downstream tin-mill products such as lacquered and printed sheets. The operating segment of the group is the manufacturing of Electrolytic Tin Mill Product. Its product portfolio consists of ETPs; Cold rolled products; Lacquered and Printed sheets; and Tin free steel, of which a majority of revenue is derived from ETPs. It has a business presence in India and other countries, of which key revenue is derived within India. It serves across segments such as edible oil, processed food, paints, pesticides, aerosol, battery and crown, among others.

#xCalData predicts that # TINPLATE will continue its bullish phase over the next five days and trend within the range of 398 to 428.     

In comparison to the previous month, the price of the stock has experienced an increase of 13.09% indicating a bullish. 

The Stock has doubled twice since 27 Mar 2015 and took an average of 1.2 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. Only some of the technical indicators namely OBV indicate Bearish view. 

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

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