Excel Industries Receives 'Buy' Rating from MarketsMOJO, Impressive Financial Performance Drives Upgrade

Excel Industries, a leading player in the pesticides and agrochemical industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade comes as no surprise, considering the company's impressive financial performance in the last quarter. One of the key factors contributing to this 'Buy' rating is the company's low Debt to Equity ratio, which is currently at 0 times. This indicates a strong financial position and stability for the company. In addition, Excel Industries has shown a remarkable growth in net profit of 344.55% in the last quarter, with the highest net sales and operating profit to net sales in the industry. From a technical standpoint, the stock is currently in a bullish range and has generated a return of 35.2% since May 2024. Multiple technical indicators such as MACD, Bollinger Band, KST, and OBV are also showing a bullish trend for the stock. Moreover, Excel Industries has outperformed the market (BSE 500) with a return of 65.97% in the last year, showcasing its market-beating performance. However, there are some risks associated with the stock, such as poor long-term growth and a high valuation with a price to book value of 1.3. It is worth noting that despite its smallcap size, domestic mutual funds hold only 0.01% of the company. This could indicate that they are either not comfortable with the current price or have not done in-depth research on the company. However, with its strong financials and market-beating performance, Excel Industries is definitely a stock to watch out for in the pesticides and agrochemical industry.