Elegant Marbles and Grani Industries Receives Upgraded Stock Call from MarketsMOJO

Elegant Marbles and Grani Industries, a microcap trading company, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on April 15, 2024.
The company has shown positive results for the last 12 consecutive quarters, with a growth of 80.93% in PAT (9M). This, along with multiple bullish factors such as RSI, MACD, Bollinger Band, and KST, has led to the stock being in a mildly bullish range.

Attractive valuation with a price to book value of 0.9 and a return on equity of 5.6, the stock is currently trading at a premium compared to its historical valuations. In the past year, the stock has generated a return of 138.35%, while its profits have risen by 87.2%. The PEG ratio of the company stands at 0.2, indicating a market-beating performance.

However, the company's long-term fundamental strength is weak, with an average return on equity of 2.41%. The net sales have only grown at an annual rate of 11.88% over the last 5 years, indicating poor long-term growth. Additionally, the company's ability to service its debt is weak, with a poor EBIT to interest ratio of 0.76.

Overall, while the stock has shown strong performance in the past year, its long-term fundamentals and growth potential may be a cause for concern. Investors are advised to hold their positions and monitor the company's performance closely.