EFC (I) Shows Strong Growth Amid Shift in Market Sentiment and Increased Institutional Interest

EFC (I), a small-cap player in the realty sector, has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. The stock's technical indicators have shown a transition from a mildly bearish stance to a mildly bullish one, suggesting a nuanced change in market sentiment.
In terms of performance metrics, EFC (I) has reported a significant annual growth in net sales, with an impressive rate of 818.51%. The operating profit has also seen a notable increase of 553.61%. Over the latest six months, net sales reached Rs 430.63 crore, marking a growth of 120.55%, while the profit after tax stood at Rs 65.22 crore, reflecting a growth of 51.39%. The return on capital employed (ROCE) has reached a high of 17.28%, indicating effective capital utilization.

Institutional investors have shown increased participation, raising their stake by 0.72% to a total of 10.55%. However, the company faces challenges with a high debt-to-EBITDA ratio of 3.59 times, which may impact its ability to service debt. Despite these factors, EFC (I) is trading at a discount compared to its peers' average historical valuations.

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