Konark Synthetic Adjusts Evaluation Score Amid Mixed Technical Indicators and Market Performance

Konark Synthetic, a microcap player in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in the technical trends associated with the stock, moving from a bullish stance to a mildly bullish outlook.
The technical indicators present a mixed picture. The MACD shows a bullish signal on a weekly basis, while the monthly perspective leans mildly bearish. The Relative Strength Index (RSI) remains neutral for both weekly and monthly assessments. Bollinger Bands indicate a mildly bullish trend across both timeframes, and moving averages suggest a mildly bullish sentiment on a daily basis. However, the KST presents a bullish weekly signal but a mildly bearish monthly outlook, and Dow Theory indicates a mildly bearish trend on a weekly basis.

In terms of performance, Konark Synthetic has delivered a return of 24.58% over the past year, significantly outperforming the BSE500 index during this period. However, the company has faced challenges, including a high Debt to EBITDA ratio and a modest growth rate in net sales over the last five years.

Overall, the recent evaluation adjustment reflects the complexities of Konark Synthetic's market position and performance indicators.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.