MarketsMOJO Upgrades Zeal Aqua Stock to 'Hold' Based on Technical Indicators and Valuation

MarketsMOJO has recently upgraded its stock call on Zeal Aqua to 'Hold' based on technical indicators and attractive valuation. The stock has shown a bullish trend and has outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months. The company's ROCE of 6.2 and PEG ratio of 0.4 indicate an attractive valuation compared to its historical average. The majority shareholders of the company are promoters, which adds to the stability of the stock.
However, the company's long-term fundamental strength is weak with an average ROCE of 5.42% and low growth in net sales and operating profit over the last 5 years. The high debt to EBITDA ratio also raises concerns about the company's ability to service its debt. In the recent quarter, the company's profits have fallen by 176.92% and net sales have grown by -6.36%.

Overall, while the stock has shown strong performance in the near term, its long-term fundamentals are a cause for concern. Investors may consider holding the stock for now, but should keep a close eye on the company's financial performance in the future.