Franklin Industries Receives 'Hold' Rating from MarketsMOJO, Showing Strong Financials and Market Performance
Franklin Industries, a microcap real estate company, has received a 'Hold' rating from MarketsMojo due to its moderate performance in the market. The company's low Debt to Equity ratio and strong long-term growth trend are positive factors. In the latest quarter, it declared outstanding results with a growth in net profit of 841.67%. Technically, the stock is mildly bullish and attractively valued. In the past year, it has outperformed the market with a return of 346.70%. While currently in a 'Hold' range, the company's financials and market performance suggest potential for future growth.
Franklin Industries, a microcap real estate company, has recently received a 'Hold' rating from MarketsMOJO on July 31, 2024. This downgrade comes as the company's stock has been performing moderately in the market.One of the reasons for the 'Hold' rating is the company's low Debt to Equity ratio, which is currently at 0 times. This indicates a healthy financial position for the company. Additionally, Franklin Industries has shown a strong long-term growth trend with an annual operating profit growth rate of 76.34%.
In the latest quarter, the company declared outstanding results with a growth in net profit of 841.67%. This positive trend has been consistent for the past 6 quarters, with a growth in PAT (HY) at Rs 11.32 crore and PBT LESS OI (Q) at Rs 5.97 crore. The net sales for the half-year were also higher at Rs 44.69 crore.
Technically, the stock is currently in a mildly bullish range with multiple factors such as MACD, KST, and DOW indicating a bullish trend. With a ROE of 284.8, the stock is attractively valued with a price to book value of 9.2. It is also trading at a fair value compared to its average historical valuations.
In the past year, Franklin Industries has outperformed the market with a return of 346.70%, while the market (BSE 500) has only generated a return of 37.33%. This market-beating performance is a positive sign for the company's future growth.
The majority shareholders of Franklin Industries are non-institutional investors, indicating a strong interest in the company's performance. Overall, while the stock may currently be in a 'Hold' range, the company's financials and market performance show potential for future growth.
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