Almondz Global Securities Receives 'Hold' Rating After Consistent Positive Results and Bullish Market Performance

Almondz Global Securities, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company has consistently shown positive results for the past 6 quarters. In fact, its net sales have grown by an impressive 69.97% in the last half year, with its PBT less OI(Q) reaching a high of Rs 6.24 cr and PAT(Q) at Rs 6.09 cr.
Technically, the stock is currently in a bullish range and has shown a significant improvement since 11-Sep-24, generating a return of 10.94%. This can be attributed to multiple bullish factors such as MACD, Bollinger Band, KST, and DOW.

In the long term, Almondz Global Securities has outperformed the BSE 500 index, generating a return of 130.83% in the last year. However, its fundamental strength is weak with an average ROE of 7.23% and poor growth in net sales and operating profit. Additionally, with a ROE of 8.5, the stock is currently trading at a very expensive valuation with a price to book value of 2.6, which is higher than its historical average.

It is worth noting that despite its size, domestic mutual funds hold only 0% of the company, indicating that they may not be comfortable with the current price or the business. Overall, while Almondz Global Securities has shown strong market performance in the near term, its long term fundamentals and valuation may be a cause for concern. Investors are advised to hold on to their positions for now and keep a close eye on the company's future performance.