Stock of Interest

Posted On: July 28, 2023

Stock Report : VINYLINDIA (NSE) 27 Jul 2023

Pidilite Industries Limited (PIL) promoted Vinyl Chemicals India (VINYLINDIA) Limited in 1986. PIL is a Parekh Group Company. The Company is currently involved in the trade of chemicals, specifically Vinyl Acetate Monomer (VAM). 
In the past, the company produced VAM at its plant in Mahad, in the Raigad District of Maharashtra, India. In India, the Company controlled a sizable portion of the market for this commodity. For strategic reasons, the aforementioned production unit was separated from PIL, its promoter company, in December 2007. Following the demerger, the Company’s primary focus remains on the trading of VAM, which is now imported/sourced from a variety of global vendors and distributed/traded in India.

#xCalData predicts that # VINYLINDIA will continue its bearish phase over the next five days and trend within the range of 498 to 468 

In comparison to the previous month, the price of the stock has experienced a decline of 3.08% indicating a bearish. 

The Stock has doubled 4X since 16 Dec 2015 and took an average of 1.7 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 Bearish side of the spectrum.  

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

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