CCL International Receives 'Hold' Rating from MarketsMOJO, Reports Positive Results and Bullish Technical Indicators

CCL International, a microcap trading company, has recently received a 'Hold' rating from MarketsMOJO on April 15, 2024. This upgrade comes after the company reported positive results in December 2023, with a significant growth in net sales and higher profits.
The stock is currently in a mildly bullish range, with multiple technical indicators such as MACD, Bollinger Band, and KST showing a bullish trend. Additionally, with a ROCE of 2.5, the stock is attractively valued with an enterprise value to capital employed ratio of 1.1. It is also trading at a discount compared to its historical valuations.

In the past year, CCL International's stock has outperformed the market (BSE 500) with a return of 86.49%. However, the company's long-term fundamental strength is weak, with a negative CAGR growth in operating profits over the last 5 years. Its ability to service debt is also poor, with a low EBIT to interest ratio of 0.25. Furthermore, the company's return on equity is low at 2.32%, indicating low profitability per unit of shareholders' funds.

The majority shareholders of CCL International are its promoters, which can be seen as a positive sign for investors. However, it is important to note that this news article is based on factual information and does not include any external data or sources. As a microcap company, CCL International may have potential for growth, but it is important for investors to conduct their own research and make informed decisions.