N G Industries Receives 'Hold' Rating from MarketsMOJO Based on Technical Performance and Valuation

N G Industries, a microcap company in the healthcare services industry, has recently received a 'Hold' rating from MarketsMOJO on June 18, 2024. This upgrade is based on the stock's technical performance, which has shown a bullish trend and improved from mildly bullish to bullish on the given date.

The stock has also shown positive indicators such as MACD, Bollinger Band, KST, and OBV, further supporting the 'Hold' rating. Additionally, with a return on equity of 17.9 and a price to book value of 2.1, the stock is currently trading at an attractive valuation compared to its historical average.

However, it is worth noting that while the stock has generated a return of 95.17% in the past year, its profits have declined by -39.4%. The majority shareholders of N G Industries are the promoters, and the company has consistently delivered returns over the last three years, outperforming the BSE 500 index.

On the other hand, the company's long-term fundamental strength is weak, with a -11.53% CAGR growth in operating profits over the last five years. Additionally, N G Industries has a poor ability to service its debt, with a low EBIT to Interest ratio of 1.61.

In the latest financial results for March 2024, the company's profits have remained flat, with a growth of -59.60% in PAT (9M). Furthermore, the non-operating income for the quarter accounts for 82.74% of the profit before tax (PBT).

Overall, while N G Industries has shown positive technical indicators and consistent returns, its long-term fundamental strength and debt-servicing ability are areas of concern. Investors may consider the 'Hold' rating and monitor the company's performance closely.