Manaksia Aluminium Adjusts Evaluation Score Amid Mixed Technical Indicators and Strong Returns

Manaksia Aluminium Company, operating within the Non-Ferrous Metals industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a sideways position to a mildly bullish outlook.
The company's technical indicators present a mixed picture. The MACD shows bullish momentum on a weekly basis, while the monthly perspective leans mildly bearish. The Bollinger Bands indicate bullish conditions for both weekly and monthly assessments. However, moving averages suggest a mildly bearish trend on a daily basis. The KST aligns with the MACD, showing bullish weekly signals but a mildly bearish monthly outlook.

In terms of performance, Manaksia Aluminium has demonstrated notable returns over various periods. For instance, the stock has achieved a return of 25.30% over the past week and 35.48% over the last month, significantly outpacing the Sensex during these intervals. The company reported a robust operating profit to interest ratio of 1.69 times for Q4 FY24-25, alongside a net sales figure of Rs 427.42 crore for the first nine months.

Despite these positive indicators, the company faces challenges with a high Debt to EBITDA ratio of 5.25 times and an average ROCE of 8.32%.

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