Tuni Textile Mills Faces Increased Bearish Outlook Amid Declining Sales and Weak Fundamentals

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) has not signaled any significant movement in either timeframe. Bollinger Bands and moving averages also suggest bearish conditions, particularly on a monthly basis.

In terms of financial performance, Tuni Textile Mills reported net sales of Rs 16.97 crore for Q4 FY24-25, marking a decline of 20.5% compared to the previous four-quarter average. The company has faced challenges in long-term fundamental strength, evidenced by an average Return on Capital Employed (ROCE) of 5.46% and a high Debt to EBITDA ratio of 6.86 times.

Over the past year, the stock has generated a return of -28.43%, consistently underperforming against benchmark indices. Despite these challenges, the stock is trading at a discount compared to its peers' average historical valuations, with a PEG ratio of 0.2.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.