HeidelbergCement India Upgraded to 'Hold' Rating by MarketsMOJO

Nov 12 2024 06:38 PM IST
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HeidelbergCement India, a midcap company in the cement industry, has been upgraded to a 'Hold' rating by MarketsMojo. The decision is based on factors such as low Debt to Equity ratio, bullish technical indicators, and attractive valuation. However, the company has shown poor long-term growth and declared negative results in the recent quarter. Investors should carefully consider these factors before investing.
HeidelbergCement India, a midcap company in the cement industry, has recently been upgraded to a 'Hold' rating by MarketsMOJO. This decision is based on various factors such as the company's low Debt to Equity ratio, technical indicators showing a mildly bullish trend, and attractive valuation with a Price to Book Value of 3.8.

The company's majority shareholders are its promoters, indicating their confidence in the company's performance. However, the company has shown poor long-term growth with a decline in net sales and operating profit over the last 5 years. In the recent quarter, the company declared negative results with a significant decrease in profits and a low operating profit to interest ratio.

Despite these challenges, HeidelbergCement India has a high dividend yield of 3.6% and has outperformed the market in the last 1 year with a return of 17.83%. However, this is still lower than the market's overall returns of 27.99%. Investors should carefully consider these factors before making any investment decisions regarding HeidelbergCement India.
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