Deep Polymers Receives 'Hold' Rating from MarketsMOJO, Shows Healthy Long-Term Growth.

Deep Polymers, a microcap company in the chemicals industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has shown healthy long-term growth, with net sales increasing by an annual rate of 36.74% and operating profit at 162.68%. Additionally, the stock is currently in a mildly bullish range and the technical trend has improved from sideways to bullish since September 4, 2024.
One key technical factor contributing to this upgrade is the Bollinger Band, which has been consistently bullish since September 4, 2024. Furthermore, with a ROCE of 7.8, the stock is currently trading at an attractive valuation with an enterprise value to capital employed ratio of 2.1. This indicates that the stock is trading at a discount compared to its average historical valuations.

However, the company did report negative results in June 2024, with interest growing at 105.83% and PAT (HY) falling by -44.47%. The company's ROCE (HY) is also at its lowest at 9.15%. This below-par performance in the near and long term has resulted in the stock generating a return of -4.23% in the last year and underperforming the BSE 500 index in the last 3 years, 1 year, and 3 months.

It is worth noting that Deep Polymers is majority owned by promoters, which may indicate a level of confidence in the company's future prospects. However, it is important to consider the company's recent negative results and underperformance before making any investment decisions. Overall, with a 'Hold' rating from MarketsMOJO, investors may want to closely monitor Deep Polymers and its performance in the coming months.