Orient Press Receives 'Hold' Rating from MarketsMOJO, Shows Bullish Trend and Attractive Valuation

Orient Press, a microcap company in the packaging industry, has recently received a 'Hold' rating from MarketsMOJO on June 14, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 10.11% since June 10, 2024.
The technical indicators for Orient Press have improved, with factors like MACD, Bollinger Band, and KST all showing bullish signals. Additionally, the company has an attractive valuation with a ROCE of 2.5 and a 1.3 Enterprise value to Capital Employed. It is also currently trading at a discount compared to its historical valuations.

Over the past year, Orient Press has outperformed the market (BSE 500) with a return of 71.85%. However, its long-term fundamental strength is weak, with a -36.11% CAGR growth in Operating Profits over the last 5 years. The company also has a high Debt to EBITDA ratio of 17.39 times, indicating a low ability to service debt. In terms of profitability, Orient Press has a low Return on Equity (avg) of 0.24%.

In the latest quarter, the company's non-operating income was 118.60% of its Profit Before Tax (PBT), which may have contributed to its flat results in March 2024.

Overall, while Orient Press has shown a bullish trend and has outperformed the market in the short term, its long-term fundamentals and profitability may be a cause for concern. Investors are advised to hold onto their positions for now and keep an eye on the company's performance in the future.