Halder Venture Receives 'Hold' Rating from MarketsMOJO, Shows Strong Performance in First Half of 2024

Halder Venture, a microcap trading company, has recently received a 'Hold' rating from MarketsMOJO on November 25, 2024. This downgrade is based on the company's recent financial performance and technical indicators.
In the first half of 2024, Halder Venture saw positive results with a 183.71% growth in PAT (HY) at Rs 8.48 crore and a 32.54% growth in NET SALES (HY) at Rs 341.08 crore. Additionally, PBT LESS OI (Q) also saw a growth of 59.0% at Rs 5.22 crore. These numbers indicate a strong performance by the company in the first half of the year.

Technically, the stock is currently in a Mildly Bullish range with multiple bullish factors such as MACD, Bollinger Band, and KST. Furthermore, with a ROCE of 11.9, the stock is considered to have an attractive valuation with a 1.7 Enterprise value to Capital Employed. It is also trading at a discount compared to its average historical valuations.

However, there are some concerns regarding the company's ability to service debt as it has a high Debt to EBITDA ratio of 5.70 times. This may affect the company's long-term growth potential, as seen in the annual growth rate of 5.79% in operating profit over the last 5 years.

Despite these concerns, Halder Venture has shown a market-beating performance with a return of 191.04% in the last year, compared to the market (BSE 500) return of 27.32%. The majority shareholders of the company are the promoters, indicating their confidence in the company's future prospects.

In conclusion, while Halder Venture has shown strong performance in the first half of 2024, the recent downgrade to 'Hold' by MarketsMOJO suggests caution for potential investors. The company's high debt and slow long-term growth may be a cause for concern, but its market-beating performance and attractive valuation may still make it a viable option for some investors.