Bazel International Receives 'Hold' Rating from MarketsMOJO After Positive June 2024 Results

Bazel International, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company reported positive results in June 2024, with a higher profit after tax of Rs 2.53 crore.
Technically, the stock is currently in a bullish range and has shown improvement since November 11, 2024, generating a return of -3.26%. The MACD and Bollinger Band technical factors also indicate a bullish trend.

The majority shareholders of Bazel International are non-institutional investors. The stock has consistently outperformed the BSE 500 index in the last three annual periods, with a return of 117.60% in the last year alone.

However, the company's long-term fundamental strength is weak, with an average return on equity (ROE) of 0.68%. Its operating profit has also shown poor growth, with an annual rate of -6.73%.

In terms of valuation, Bazel International has a very expensive price to book value of 0.4, with an ROE of -0.4. However, the stock is currently trading at a discount compared to its historical valuations.

Despite its strong performance in the past year, with a return of 117.60%, the company's profits have only risen by 15%. This indicates that the stock may be overvalued and investors should exercise caution before making any investment decisions. Overall, MarketsMOJO's 'Hold' rating suggests a neutral stance on Bazel International's stock.