Shri Venkatesh Refineries Receives 'Hold' Rating from MarketsMOJO Amid Bullish Trend and Attractive Valuation

Shri Venkatesh Refineries, a microcap company in the refined oil and vanaspati industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the stock has shown a bullish trend and has improved technically since September 23, 2024.
The stock is currently trading at a discount compared to its historical valuations and has a ROCE of 14.7, making it an attractive investment option. In the past year, the stock has generated a return of 41.78% while its profits have increased by 24.6%. This is reflected in the company's low PEG ratio of 0.8.

However, the company does have some weak long-term fundamental strength, with a -4.80% CAGR growth in operating profits over the last 5 years. Additionally, it has a high debt to EBITDA ratio of 3.29 times, indicating a low ability to service debt.

Despite these factors, the stock is still considered a 'Hold' by MarketsMOJO, as it has multiple bullish indicators such as MACD, DOW, and OBV. The company's flat results in June 2024 may also be a contributing factor to the 'Hold' rating.

Investors looking to add a microcap stock in the refined oil and vanaspati industry to their portfolio may want to consider Shri Venkatesh Refineries, with its current technical trend and attractive valuation. However, it is important to keep in mind the company's weak long-term fundamentals and high debt levels.