Super Sales India Receives 'Hold' Rating from MarketsMOJO Based on Technical Factors and Mixed Performance

Super Sales India, a microcap company in the textile industry, has recently received a 'Hold' rating from MarketsMOJO on July 22, 2024. This upgrade is based on various technical factors, such as a bullish trend and positive indicators like MACD, Bollinger Band, and KST.
The stock is currently trading at a discount compared to its historical valuations and has generated a return of 55.82% in the past year. However, its profits have fallen by -27.9%, which could be a cause for concern.

On the positive side, Super Sales India has consistently outperformed BSE 500 in the last three annual periods. However, its management efficiency is poor with a low ROE of 5.11%. This indicates low profitability per unit of shareholders' funds.

Moreover, the company has shown poor long-term growth with a modest annual growth rate of 7.24% in net sales over the last five years. In the latest quarter, the company reported negative results with a fall in profits by -130.8% and a low ROCE of 4.84%.

Interestingly, despite being a microcap company, domestic mutual funds hold only 0% of the company. This could be due to their capability to conduct in-depth research on companies and their small stake may signify their discomfort with the current price or the business.

In conclusion, while Super Sales India has shown some positive indicators, it also has some concerning factors that investors should consider before making any investment decisions. The 'Hold' rating by MarketsMOJO suggests a neutral stance on the stock for now.