Franklin Industries Receives 'Strong Buy' Rating and Reports Impressive Financial Results

May 27 2024 06:37 PM IST
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Franklin Industries, a microcap real estate company, has received a 'Strong Buy' rating from MarketsMojo due to its strong long-term fundamentals and low debt to equity ratio. The company has reported outstanding results in the last quarter, with a growth in operating profit of 132.69% and a record high in net sales. Technical indicators also suggest a bullish trend for the stock, which has shown a 69.61% return since May 2024. Despite trading at a premium, the company's impressive performance justifies its valuation. Non-institutional investors hold majority shares, indicating confidence in the company's potential. Overall, Franklin Industries is a strong buy for investors seeking a high-performing microcap real estate company with a positive long-term outlook.
Franklin Industries, a microcap real estate company, has recently received a 'Strong Buy' rating from MarketsMOJO. This upgrade is based on the company's strong long-term fundamental strength and low debt to equity ratio.

In the last quarter of 2024, Franklin Industries reported outstanding results with a growth in operating profit of 132.69%. This positive trend has continued for the past 5 consecutive quarters, with PBT LESS OI(Q) growing at 116.75% and NET SALES(Q) reaching a record high of Rs 18.06 cr. Additionally, the company's PAT(Q) has also seen a significant increase, reaching Rs 5.67 cr.

Technically, the stock is in a bullish range and has shown a 69.61% return since 10-May-24. Multiple factors such as MACD, Bollinger Band, KST, DOW, and OBV are also indicating a bullish trend for the stock.

With an ROE of 192.1 and a price to book value of 20.9, Franklin Industries is currently trading at a premium compared to its historical valuations. However, this premium is justified by the company's impressive performance, with a return of 866.93% in the last year and a 275.3% increase in profits.

Majority shareholders of Franklin Industries are non-institutional investors, indicating strong confidence in the company's potential. In the long term, the stock has outperformed BSE 500, further solidifying its market-beating performance.

In conclusion, Franklin Industries is a strong buy for investors looking for a low debt, high-performing microcap real estate company with a positive long-term outlook. With its impressive financial results and bullish technical indicators, the stock is expected to continue its upward trend in the near future.
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