Stock of Interest

Posted On: August 3, 2023

Stock Report: TVSSRICHAK(NSE) 02 Aug 2023 

TVS Srichakra is a leading tire manufacturer in India, founded in 1982 by Sri T V Sundaram Iyengar. As part of the TVS Group, a prominent auto ancillary group with a value of $2.2 billion, TVS Srichakra has become a major player in the two-wheeler and three-wheeler tire industry. The company produces an impressive 2.7 million tires and tubes per month, with a significant market share from OEMs (Original Equipment Manufacturers). Their product range includes motorcycle, scooter, and moped tires, as well as off-highway tires for various industrial and agricultural applications, such as tractors and construction equipment.

#xCalData predicts that #TVSSRICHAK will continue its bearish phase over the next five days and trend within the range of 3032 to 2851. 

In comparison to the previous month, the price of the stock has experienced a decline of 0.35% indicating a bearish.

The Stock has doubled twice since 27 Mar 2015 and took an average of 0.4 years to double.

The stock has shown non 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. MACD Indicates Bullish Trend. 

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

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