Aurangabad Distillery Limited (AURDIS) Stock - Complete Technical Analysis - Sep 23, 2024

Aurangabad Distillery Limited Stock Analysis: Is it a Buy or Sell AURDIS Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Today, we analyze Aurangabad Distillery Limited, currently trading at 376. This stock has shown solid performance, sitting approximately 11% below its 52-week high of 432.75, while also being over 104% above its 52-week low of 188. The fundamentals of Aurangabad Distillery are strong, with a respectable P/E ratio and high ROCE and ROE figures, indicating effective management and profitability.

From a technical perspective, the Relative Strength Index is hovering around the neutral mark, suggesting that the stock may be in a consolidation phase. The Stochastic indicators indicate that the stock is not overbought or oversold, providing a balanced view for potential traders. The MACD suggests a bullish trend, supporting the idea that there could be upward movement ahead.

Key support levels are observed around the 367 mark, which coincides with the Ichimoku base line, while resistance is noted at the psychological level of 400. Traders should monitor these levels closely, as they can provide insights into potential entry or exit points. Overall, Aurangabad Distillery Limited appears to be a stock worth considering, given its technical outlook and strong fundamentals.