SKM Egg Products Export (India) Upgraded to 'Hold' by MarketsMOJO, Showing Potential for Growth.

SKM Egg Products Export (India) has recently been upgraded to a 'Hold' by MarketsMOJO, a leading stock analysis platform. This upgrade is based on the company's healthy long-term growth, with an annual operating profit growth rate of 159.16%. The stock is also currently in a mildly bullish range, with technical indicators such as RSI, MACD, and KST all showing bullish signals.
One of the key factors contributing to the 'Hold' rating is the company's attractive valuation, with a price to book value of 2.8 and a PEG ratio of 0.1. This indicates that the stock is trading at a discount compared to its historical valuations. In the past year, SKM Egg Products Export (India) has generated a return of 49.48%, while its profits have risen by 123.9%. This consistent growth over the last 3 years has also outperformed the BSE 500 index.

However, the company did declare negative results in December 2023 after 6 consecutive positive quarters. The profit after tax has fallen by -61.1%, with the operating profit to interest ratio at its lowest at 7.31 times and net sales at its lowest at Rs 152.93 crore. This may be a cause for concern for investors.

It is also worth noting that despite its size, domestic mutual funds hold only 0% of the company. This could indicate that they are either not comfortable with the current price or have concerns about the business. However, it is important to keep in mind that domestic mutual funds have the capability to conduct in-depth research on companies, so their small stake may not necessarily be a negative sign.

Overall, SKM Egg Products Export (India) shows potential for growth and has been upgraded to a 'Hold' by MarketsMOJO. However, investors should keep an eye on the company's financial performance and any changes in the stock's technical indicators.