Eternal Ltd Technical Trends

Mojo Grade downgraded to Sell; trading at 7.49x book value with no dividends despite profits. Pros: Reduced working capital (95.5 to 44.9 days), expected good quarter. Cons: Low 3-yr ROE -0.64%, high debtor days (27.5 to 35.1), other income ₹1,422 Cr in earnings.