Sreechem Resins Receives Upgraded Stock Call, Shows Strong Financial Performance and Attractive Valuation
Sreechem Resins, a microcap company in the chemicals industry, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on September 30, 2024.The upgrade is based on the company's high management efficiency, with a ROCE (Return on Capital Employed) of 15.87%. This is a positive sign for investors as it indicates that the company is utilizing its capital effectively.
In addition, Sreechem Resins has declared positive results for the last three consecutive quarters. Its net sales have grown by 79.65% to Rs 26.48 crore, while its PAT (Profit After Tax) has increased to Rs 0.89 crore. This shows a strong financial performance by the company.
From a technical standpoint, the stock is currently in a mildly bullish range. The technical trend has improved from sideways on September 30, 2024, and the MACD and KST technical factors are also bullish.
Moreover, Sreechem Resins has an attractive valuation with a ROCE of 20.3 and an enterprise value to capital employed ratio of 1.8. The stock is currently trading at a discount compared to its average historical valuations. Additionally, in the past year, the stock has generated a return of 55.56%, while its profits have risen by 224.9%. This indicates a low PEG (Price/Earnings to Growth) ratio of 0, making it an attractive investment opportunity.
Another positive sign for investors is the rising promoter confidence in the company. Promoters have increased their stake by 3.76% in the previous quarter and currently hold 24.8% of the company. This shows their high confidence in the future of the business.
Overall, Sreechem Resins has shown market-beating performance with a return of 55.56% in the last year, outperforming the market (BSE 500) returns of 39.48%. With its strong financial performance, attractive valuation, and rising promoter confidence, the stock is a good option for investors to hold in their portfolio.
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