Tuni Textile Mills Faces Mixed Technical Indicators Amid Declining Sales Performance

Tuni Textile Mills, a microcap player in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a mildly bearish stance to a more bearish outlook.
The company's technical indicators present a mixed picture. The MACD shows a mildly bullish trend on a weekly basis, while the monthly perspective indicates bearish momentum. The Relative Strength Index (RSI) remains neutral for both weekly and monthly periods, suggesting a lack of clear directional movement. Additionally, Bollinger Bands and moving averages indicate bearish tendencies, particularly on a daily basis.

In terms of financial performance, Tuni Textile Mills reported net sales of Rs 16.97 crore for Q4 FY24-25, which represents a decline of 20.5% compared to the previous four-quarter average. The company's long-term fundamentals reveal a modest Return on Capital Employed (ROCE) of 5.46% and a high Debt to EBITDA ratio of 6.86 times, indicating challenges in servicing debt.

Despite these hurdles, the stock is trading at a discount relative to its peers, with a PEG ratio of 0.2, suggesting potential valuation attractiveness.

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