Stock of Interest

Posted On: October 14, 2023

Stock Report: VTL(NSE) 12 Oct 2023

Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. The company is based in India and generates about a quarter of revenue internationally. The company’s largest revenue segment is textiles, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. Vardhman Textiles provides fabrics for the apparel industry and home textiles and manufactures shirts for retail brands. In addition, the company offers hot-rolled bars for use in industries such as automotive, engineering, and allied industries.

#xCalData predicts that # VTL will continue its bearish phase over the next five days and trend within the range of 355 to 385.

In comparison to the previous month, the price of the stock has experienced a decline of 6.8% indicating a bearish.

The Stock has doubled twice since 29 Jan 2015 and took an average of 3.2 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 Aroon indicate Bullish view.

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

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