Universal Starch Chem Allied receives upgraded stock call from MarketsMOJO, technical trend shows positive outlook

Universal Starch Chem Allied, a microcap company in the chemical industry, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on 18th October 2024.
The technical trend for the stock has improved from Mildly Bullish to Bullish, indicating a positive outlook. Multiple factors such as MACD, Bollinger Band, KST, and DOW also suggest a bullish trend for the stock.

With a ROCE of 9.9, the stock is fairly valued with a 1.3 Enterprise value to Capital Employed. It is currently trading at a discount compared to its average historical valuations. However, despite generating a return of 49.47% in the past year, the company's profits have fallen by -32.9%.

The majority shareholders of Universal Starch Chem Allied are the promoters, indicating their confidence in the company's performance. The stock has also shown market-beating performance in the long term as well as the near term, outperforming BSE 500 in the last 3 years, 1 year, and 3 months.

However, the company has recently declared negative results in Jun'2024 after 1 consecutive positive quarters. The PAT(Q) at Rs 1.46 crore has fallen by -31.7%. This could be a cause for concern for investors, but the overall outlook for the stock remains positive.