Sukhjit Starch & Chemicals Receives 'Sell' Rating from MarketsMOJO, Domestic Mutual Funds Hold 0% Stake

Sukhjit Starch & Chemicals, a microcap company in the chemicals industry, has recently received a 'Sell' rating from MarketsMOJO on July 24, 2024. This downgrade is based on the company's flat results in the March 2024 quarter, with a decline of -10.1% in its PAT(Q).
One of the reasons for this downgrade is the fact that despite being a microcap company, domestic mutual funds hold only 0% of the company. This could indicate that these funds are not comfortable with the company's current price or its business. Additionally, Sukhjit Starch & Chemicals has underperformed the market in the last year, with a return of only 21.68% compared to the market's 35.30% (BSE 500).

However, there are some positive factors to consider. The company has shown healthy long-term growth, with an annual rate of 39.08% in operating profit. It also has an attractive valuation with a ROCE of 12.6 and a 1.4 Enterprise value to Capital Employed.

On a technical level, the stock's trend is currently sideways, indicating no clear price momentum. Since the downgrade on July 24, the stock has generated a return of 3.9%.

It is important to note that this is a fact-based analysis and does not take into account any future potential or expert opinions. Investors should carefully consider all available information before making any decisions regarding Sukhjit Starch & Chemicals.