Alfa Ica (India) Adjusts Evaluation Score Amid Mixed Technical Indicators and Performance Fluctuations

Alfa Ica (India), a microcap player in the plastic products industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical landscape surrounding the stock, with indicators suggesting a transition in market sentiment.
The company’s technical metrics present a mixed picture. The Moving Averages indicate a bullish stance on a daily basis, while the MACD shows a bullish trend on a weekly basis but leans mildly bearish on a monthly scale. Additionally, Bollinger Bands are signaling bullish conditions for both weekly and monthly periods.

In terms of performance, Alfa Ica (India) has experienced varied returns over different time frames. Notably, the stock has generated a return of 116.95% over the past three years, significantly outpacing the Sensex's 38.90% return in the same period. However, the stock's performance over the last year has been less favorable, with a return of -1.80% coinciding with a 15.1% decline in profits.

Despite these fluctuations, the company maintains a relatively attractive valuation, with a Return on Capital Employed (ROCE) of 7.2% and an Enterprise Value to Capital Employed ratio of 1.3.

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