Stock of Interest

Posted On: September 7, 2023

Stock Report: TVSSRICHAK(NSE) 06 Sep 2023

TVS Srichakra Ltd is a holding company engaged in the manufacturing of tyres and tubes. It offers various range of tyres which include two-wheeler tyres and tubes, off the road tyres used in implements / forklifts / industrial tractors, and other machinery, non-highway service tyres such as sand tyres, grader tyres, compactor tyres and vintage tyres, multi-purpose tyres, flotation tyres, radial tyres, tubeless tyres, farm tyres and tubes used therein and solid resilient tyres. It derives revenue from India, however, it is also exporting its products to USA, Europe, South America, Africa, and Australia. 

#xCalData predicts that # TVSSRICHAK will continue its bearish phase over the next five days and trend within the range of 2853 to 3004. 

In comparison to the previous month, the price of the stock has experienced a decline of 4.07% indicating a bearish.

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

The stock has 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 4 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Coppock Curve indicate Bullish view. 

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData