Inter State Oil Carrier Receives 'Hold' Rating After Strong Quarter Results

Inter State Oil Carrier, a microcap logistics company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company has shown positive results for the last four consecutive quarters, with a growth of 62.97% in net sales in the last half year.
Technically, the stock is currently in a mildly bullish range and has shown improvement since September 10, 2024, with a return of -5.45%. Multiple factors such as MACD, Bollinger Band, KST, and OBV are also indicating a bullish trend for the stock.

However, the company's ROCE of 6.1 and high debt to EBITDA ratio of 4.38 times suggest that it may have a weak long-term fundamental strength. Additionally, the company's return on equity (avg) of 7.44% indicates low profitability per unit of shareholders' funds.

In the past year, Inter State Oil Carrier's stock has generated a return of 20.19%, which is lower than the market (BSE 500) returns of 34.97%. This could be a cause for concern for investors.

It is worth noting that the majority of the company's shareholders are non-institutional investors. This could potentially lead to higher volatility in the stock.

Overall, while Inter State Oil Carrier has shown positive results in the recent past, its weak long-term fundamentals and underperformance in the market may warrant a 'Hold' rating for now. Investors should carefully consider these factors before making any investment decisions.