Shree Manufacturing Company: From 'Strong Sell' to 'Sell' - Here's Why

Shree Manufacturing Company, a microcap company in the miscellaneous industry, has recently received a stock upgrade from 'Strong Sell' to 'Sell' by MarketsMOJO on December 5, 2023.
The decision to change the stock call was based on the company's negative book value and weak long-term fundamental strength. The company has shown poor growth in net sales and operating profit over the last 5 years. Additionally, its debt to equity ratio is high, making it a risky investment.

In terms of recent performance, the company's results for September 2023 have been flat and it has a negative EBITDA. However, the stock is currently in a mildly bullish range and its technical trend has improved since December 5, 2023, generating a return of 15.67% since then. Multiple technical indicators, such as MACD, Bollinger Band, KST, and OBV, show a bullish outlook for the stock.

The majority shareholders of Shree Manufacturing Company are its promoters. In terms of market performance, the stock has outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months, with a return of 99.02% in the last 1 year.

However, it is important to note that this information is based on factual data and should not be considered as a recommendation to buy or sell the stock. Investors are advised to conduct their own research and make informed decisions before investing in Shree Manufacturing Company.