Fine Organic Industries Downgraded to 'Sell' by MarketsMOJO

Fine Organic Industries, a midcap chemical company, has recently been downgraded to a 'Sell' by MarketsMOJO on November 6, 2023. This decision was based on the company's negative financial results in the past two quarters, with a fall in net profit of -25.91%. In fact, the company has declared negative results for the last eight consecutive quarters.
The company's net sales and PBDIT have also been at their lowest in the most recent quarter. Technically, the stock is in a bearish range and its MACD and KST technical factors are also bearish. With a ROE of 26.8, the stock is currently trading at a discount compared to its average historical valuations.

In the past year, Fine Organic Industries has underperformed the market (BSE 500) with negative returns of -25.90%, while the market has generated returns of 16.72%. However, the company has strong long-term fundamental strength with an average ROE of 27.58% and healthy growth in net sales and operating profit.

Additionally, the company has a low debt to equity ratio and majority shareholders are the promoters themselves. While MarketsMOJO has downgraded the stock to 'Sell', it is important to consider all factors before making any investment decisions.