CCL International Receives 'Hold' Rating from MarketsMOJO, Technical Performance Drives Upgrade

CCL International, a microcap trading company, has recently received a 'Hold' rating from MarketsMOJO on February 15, 2024. This upgrade is based on the company's technical performance, with the stock currently in a bullish range. Since October 9, 2023, the stock has generated a 60.61% return and its MACD and KST technical factors are also showing bullish signs.
The majority shareholders of CCL International are its promoters, indicating their confidence in the company's future prospects. In the long term, the stock has outperformed the BSE 500 and has generated a market-beating return of 105.56% in the last year. This trend has also been seen in the last 3 years and 3 months.

However, the company's long-term fundamental strength is weak, with a -215.66% CAGR growth in operating profits over the last 5 years. Additionally, its ability to service its debt is poor, with a low EBIT to Interest ratio of 0.25. The company's return on equity is also low at 2.32%, indicating low profitability per unit of shareholders' funds.

In the latest financial results for December 2023, CCL International has reported flat results. While the company's technical performance is currently bullish, investors should consider the weak long-term fundamental strength before making any investment decisions. This information is based on facts and does not include any external data or sources.