Morarjee Textiles Share Price

Morarjee Textiles Investment Rating

• Master Rating:

• Morarjee Textiles has an operating revenue of Rs. 253.68 Cr. on a trailing 12-month basis. An annual revenue growth of 40% is outstanding, Pre-tax margin of -32% needs improvement, NULL The stock from a technical standpoint is comfortably placed above its key moving averages, around 20% and 15% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 3% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 4 which is a POOR score indicating inconsistency in earnings, a RS Rating of 68 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 112 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of D is close to being the worst. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.