Halder Venture Receives 'Buy' Rating from MarketsMOJO, Shows Strong Financial Growth in 2024.

Halder Venture, a microcap trading company, has recently received a 'Buy' rating from MarketsMOJO on November 19, 2024. This upgrade is based on the company's positive financial results in September 2024. The company's profits have seen a significant growth of 183.71% in the first half of the year, with net sales also increasing by 32.54%. Additionally, the PBT less OI has grown by 59.0%.
The stock is currently in a bullish range and the technical trend has improved from mildly bullish to bullish on November 19, 2024. This is supported by multiple factors such as MACD, Bollinger Band, and KST. With a ROCE of 11.9, the stock is attractively valued with a 1.7 enterprise value to capital employed. It is also trading at a discount compared to its average historical valuations.

In the past year, Halder Venture's stock has outperformed the market (BSE 500) with a return of 187.16%, while its profits have risen by 302.4%. This is reflected in the company's low PEG ratio of 0.1. The majority shareholders of the company are the promoters, which adds to the positive outlook for the stock.

However, there are some risks associated with investing in Halder Venture. The company has a high debt to EBITDA ratio of 5.70 times, which may affect its ability to service debt. Additionally, the operating profit has only grown by an annual rate of 5.79% over the last 5 years, indicating a potential for slow long-term growth.

In conclusion, Halder Venture's stock has been upgraded to 'Buy' by MarketsMOJO due to its positive financial performance and attractive valuation. While there are some risks involved, the company's strong performance in the past year and majority ownership by promoters make it a promising investment opportunity.