Hatsun Agro Product Upgraded to 'Hold' Rating by MarketsMOJO, Technical Trend Improves

Hatsun Agro Product, a largecap FMCG company, has recently been upgraded to a 'Hold' rating by MarketsMOJO. The stock is currently in a Mildly Bullish range and the technical trend has improved from Sideways on 19-Nov-24. One of the key technical factors, RSI, has also been Bullish since 19 Nov 2024.
In terms of valuation, the company has a Fair valuation with a ROCE of 14.6 and a 6.8 Enterprise value to Capital Employed. The stock is currently trading at a discount compared to its average historical valuations. However, over the past year, the stock has generated a return of -1.39%, while its profits have risen by 32.9%. The PEG ratio of the company is 2.4.

Institutional investors have also shown an increasing interest in Hatsun Agro Product, with their stake increasing by 0.81% over the previous quarter. They currently hold 13.45% of the company, indicating their confidence in its fundamentals.

However, the company's performance in the recent quarter has been below par, with its operating cash flow at its lowest at Rs -71.46 Cr and its interest expenses growing at 34.86%. The company's profits have also fallen by -17.1% in the same quarter.

In the long term, the stock has underperformed the BSE 500 index, with -1.39% returns in the last 1 year and underperformance in the last 3 years, 1 year, and 3 months. Based on these factors, MarketsMOJO has upgraded the stock to a 'Hold' rating.