Stock of Interest

Posted On: August 16, 2023

Stock Report: ULTRACEMCO(NSE) 14 Aug 2023 

UltraTech Cement Limited, headquartered in Mumbai, is a prominent Indian multinational cement company. It holds the distinction of being India’s largest producer of grey cement, white cement, and ready-mix concrete, boasting an impressive installed capacity of 132.45 million tonnes annually. The company operates under the umbrella of the Aditya Birla Group and Grasim Industries. Founded by Kumar Mangalam Birla in 1983, UltraTech has achieved a significant presence in the industry. Its subsidiaries include Birla White Ltd., Narmada Cement Co. Ltd., and more. With a dedicated customer service helpline and a workforce of 22,000 employees, UltraTech continues to contribute to India’s construction sector. As of the latest update, its stock price on the NSE stands at ₹8,046.05. 

#xCalData predicts that #ULTRACEMCO will continue its bearish phase over the next five days and trend within the range of 8217 to 7807. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.18% indicating a bearish.

The Stock has doubled once since 06 May 2015 and took an average of 5.6 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 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Trendline Indicates Bullish Trend.  

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. 

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