Southern Petrochemical Industries Adjusts Technical Outlook Amid Mixed Market Signals

Mar 20 2025 08:05 AM IST
share
Share Via
Southern Petrochemical Industries Corporation (SPIC) has experienced a recent adjustment in its evaluation, reflecting a shift in technical outlook amid mixed market performance. Key indicators show a change in sentiment, highlighting the complexities of SPIC's market position and the various factors influencing its current standing.
Southern Petrochemical Industries Corporation (SPIC), a small-cap player in the fertilizers industry, has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. This revision comes amid a backdrop of mixed performance indicators and market dynamics.

The technical landscape for SPIC has transitioned from a mildly bearish stance to a mildly bullish one, indicating a change in sentiment among market observers. Key metrics such as the Bollinger Bands and On-Balance Volume (OBV) are currently showing bullish signals, while the Moving Averages present a more cautious view. The MACD readings also reflect a divergence in trends between weekly and monthly assessments.

Despite the stock's recent performance, which has yielded a return of 14.68% over the past year, the company has faced challenges, including a slight decline in profits. The Debt to EBITDA ratio remains favorable, suggesting a strong capacity to manage debt obligations. Additionally, SPIC's valuation appears attractive when compared to its peers, trading at a discount relative to historical averages.

Overall, the adjustment in evaluation for Southern Petrochemical Industries Corporation highlights the complexities of its market position and the various factors influencing its technical outlook.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News