Haldyn Glass downgraded to 'Sell' by MarketsMOJO due to poor long-term growth and negative results

Haldyn Glass, a microcap company in the glass industry, has recently been downgraded to a 'Sell' by MarketsMOJO on November 4, 2024. This downgrade is based on the company's poor long-term growth, with net sales growing at an annual rate of 6.08% and operating profit at 14.72% over the last 5 years. Additionally, the company has declared negative results for the last 4 consecutive quarters, with interest growing at 374.15% and PBT falling at -62.36%.
One of the factors contributing to this downgrade is the fact that despite its size, domestic mutual funds hold only 0% of the company. This could indicate that they are not comfortable with the price or the business, as they have the capability to conduct in-depth research on companies.

However, there are some positive factors to consider. Haldyn Glass has a low debt to equity ratio and its stock is currently in a mildly bullish range. Technical factors such as MACD and KST are also bullish. With a ROCE of 6.7, the company has a fair valuation and is trading at a discount compared to its historical valuations.

Over the past year, the stock has generated a return of 38.76%, outperforming the BSE 500 index. It has also consistently outperformed the index in each of the last 3 annual periods. Despite this, the company's profits have fallen by -30.4%.

In conclusion, while Haldyn Glass may have some positive aspects, the recent downgrade to 'Sell' by MarketsMOJO highlights the company's poor long-term growth and negative results. Investors should carefully consider all factors before making any decisions regarding this microcap company in the glass industry.