Eveready Industries India Receives 'Hold' Rating from MarketsMOJO, Shows Positive Results and High Management Efficiency

Eveready Industries India, a smallcap company in the batteries industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade is based on the company's high management efficiency, with a ROCE of 17.03%. Additionally, the company has declared positive results for the last 4 consecutive quarters, with significant growth in PBT and PAT.
Technically, the stock is currently in a mildly bullish range, with multiple factors such as MACD, Bollinger Band, KST, and OBV indicating a bullish trend. With a ROCE of 16.1, the stock is fairly valued and is currently trading at a discount compared to its historical valuations.

However, there are some concerns for the company. The debt to EBITDA ratio is high at 2.57 times, indicating a low ability to service debt. In the long term, the company has shown poor growth with a decline in net sales and operating profit over the last 5 years.

In the past year, the stock has underperformed the market, generating a return of 20.44% compared to the market's return of 37.98%. However, there has been an increasing participation by institutional investors, who have collectively increased their stake by 3.25% in the previous quarter.

Overall, while Eveready Industries India has shown positive results and high management efficiency, there are concerns about its debt and long term growth. Investors may want to hold onto the stock for now and keep an eye on its performance in the future.