Riddhi Corporate Services Adjusts Evaluation Amid Mixed Technical Indicators and Financial Performance

Riddhi Corporate Services, operating in the Computers - Software & Consulting industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical trends associated with the stock, moving from a mildly bullish stance to a sideways position.
In terms of technical indicators, the MACD shows a mildly bearish trend on a weekly basis, while it remains mildly bullish on a monthly scale. The Relative Strength Index (RSI) indicates no significant signals for both weekly and monthly periods. Bollinger Bands and KST present a bearish outlook on the weekly front, although KST is mildly bullish monthly. Moving averages suggest a mildly bullish trend on a daily basis, while Dow Theory indicates a mixed sentiment with a mildly bullish weekly view and a mildly bearish monthly perspective.

Despite the recent evaluation adjustment, Riddhi Corporate Services has reported positive financial performance in the latest quarter, with net sales growing significantly. However, long-term fundamentals indicate challenges, including a relatively low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio.

For more insights on Riddhi Corporate Services and its financial trends, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.