Varroc Engineering Adjusts Evaluation Score Amid Mixed Technical Indicators and Long-Term Growth Challenges
Varroc Engineering has recently adjusted its evaluation score, reflecting a change in technical trends. The company's indicators present a mixed outlook, with some showing bullish momentum while others indicate bearish tendencies. Despite flat quarterly performance, Varroc has achieved significant long-term growth, though it faces challenges related to debt and profitability.
Varroc Engineering, a midcap player in the Auto Components & Equipment industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a sideways position to a mildly bullish stance. The company's technical indicators present a mixed picture. The MACD shows bullish momentum on a weekly basis, while the monthly perspective leans mildly bearish. The Relative Strength Index (RSI) indicates no significant signals for both weekly and monthly periods. Bollinger Bands suggest a bullish trend weekly, contrasting with a sideways movement monthly. Moving averages indicate a mildly bearish outlook on a daily basis, while the KST shows bullish signals weekly and mildly bearish monthly. Dow Theory reflects a mildly bullish trend for both weekly and monthly assessments, and the On-Balance Volume (OBV) shows no trend weekly but is bullish monthly.
Despite a flat financial performance in the latest quarter, Varroc Engineering has demonstrated healthy long-term growth, with an operating profit growth rate of 39.24%. However, the company faces challenges, including a high Debt to EBITDA ratio of 4.83 times and a Return on Equity averaging 9.56%, indicating low profitability per unit of shareholders' funds.
Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
