Cords Cable Industries Adjusts Evaluation Amid Mixed Technical Indicators and Profit Growth

Cords Cable Industries has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. The stock's technical trend has transitioned from bearish to mildly bearish, indicating a nuanced change in market sentiment. Key technical indicators present a mixed picture; while the MACD remains bearish on a weekly basis, the monthly perspective shows a mildly bearish stance. The Relative Strength Index (RSI) indicates bullish momentum on both weekly and monthly charts, suggesting some positive movement in the stock's performance.
In terms of financial metrics, Cords Cable has reported positive results for the last seven consecutive quarters, with a notable growth in profit after tax (PAT) and net sales. The company's return on capital employed (ROCE) stands at 15.5, which is considered attractive relative to its enterprise value to capital employed ratio of 1.2. However, the stock has faced challenges, including a weak ability to service its debt, as indicated by a low EBIT to interest ratio.

Despite the recent evaluation adjustment, Cords Cable Industries has underperformed the broader market over the past year, generating negative returns while its profits have increased.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.