Orissa Bengal Carrier Receives 'Hold' Rating from MarketsMOJO, Shows Stable Financial Position.

Orissa Bengal Carrier, a microcap logistics company, has recently received a 'Hold' rating from MarketsMOJO on August 19, 2024. This upgrade is based on several factors, including the company's low Debt to Equity ratio of 0.05 times, indicating a stable financial position.
The stock is currently in a Mildly Bullish range and has shown an improvement in its technical trend from Mildly Bearish on August 19, 2024. This is supported by multiple bullish indicators such as MACD, Bollinger Band, and KST.

In terms of valuation, Orissa Bengal Carrier has a Very Attractive ROCE of 3.1 and an Enterprise value to Capital Employed ratio of 1.4. Additionally, the stock is currently trading at a discount compared to its average historical valuations.

However, the company has shown poor long-term growth with an annual rate of -45.34% in Operating profit over the last 5 years. In the latest quarter, the company's profits have also declined, with PBT LESS OI(Q) at Rs 0.84 crore falling by -65.00% and PAT(Q) at Rs 1.02 crore falling by -50.7%.

Furthermore, Orissa Bengal Carrier has underperformed the market in the last 1 year, generating a return of only 18.98% compared to the market (BSE 500) returns of 37.46%. The majority shareholders of the company are the promoters.

Overall, while Orissa Bengal Carrier has some positive indicators, it is important to consider the company's poor long-term growth and recent negative results before making any investment decisions.