Elegant Marbles and Grani Industries Receives 'Hold' Rating from MarketsMOJO

Elegant Marbles and Grani Industries, a microcap trading company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has shown positive results for the last 12 consecutive quarters, with a growth of 47.02% in its PAT (HY).
The stock is currently in a bullish range and has shown improvement in its technical trend. Factors such as MACD, Bollinger Band, KST, and OBV have all contributed to the bullish trend. With a ROE of 5.6, the stock is fairly valued with a 1 Price to Book Value. However, it is currently trading at a premium compared to its historical valuations.

In the past year, the stock has generated a return of 165.90%, outperforming the BSE 500. However, its profits have only risen by 87.2%, resulting in a PEG ratio of 0.2. The majority shareholders of the company are the promoters, indicating their confidence in the company's performance.

While the stock has shown market-beating performance in the long term, its fundamental strength is weak. The average ROE of 2.41% and a poor EBIT to Interest ratio of 0.76 suggest a poor ability to service its debt. Additionally, the company's long term growth has been slow, with a net sales growth rate of 11.88% over the last 5 years.

Overall, Elegant Marbles and Grani Industries has shown promising results in the short term, but its long term fundamental strength raises some concerns. Investors are advised to hold onto their stocks for now and keep an eye on the company's future performance.