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An Appetite For Growth

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AN APPETITE FOR GROWTH

KRBL

KRBL Ltd (KRBL), which was established in 1889, is India’s first integrated rice company with a comprehensive product chain. The company is engaged in seed development, contact farming, procurement of paddy, storage, processing, packaging, branding and marketing of Basmati rice. The company is India’s first fully-integrated and scalable rice company having two rice processing plants with manufacturing capacity of 195 MT/hr.

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Chennai Petroleum reaches near trendline resistance

Vinayak Gangule / Article rating: 5.0

Chennai Petroleum Limited reached near its downward sloping trendline formed by connecting highs from January 2018, on the weekly time frame. This coincides by the stock's long-term moving average, i.e. 200-week exponential moving average, which is currently placed at 283.20 level. After registering its 52-week low, the stock is trading in a range for the last nine weeks along with low volumes, which indicates it is just a pull-back and the original downtrend is likely to resume soon.

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