Hariom Pipe Industries Receives 'Hold' Rating from MarketsMOJO, Shows Strong Growth Potential

Hariom Pipe Industries, a smallcap company in the steel/sponge iron/pig iron industry, has recently received a 'Hold' rating from MarketsMOJO on November 6, 2024. This upgrade is based on the company's healthy long-term growth, with net sales and operating profit growing at an annual rate of 59.42% and 58.15%, respectively.
Technically, the stock is currently in a Mildly Bullish range, showing an improvement from its previous Mildly Bearish trend on November 6, 2024. The key technical factor, KST, has also been Bullish since the same date.

With a ROCE of 13.4, the stock is fairly valued and has an enterprise value to capital employed ratio of 2.5. It is currently trading at a discount compared to its average historical valuations. However, despite this, the stock has generated a negative return of -5.20% in the past year, while its profits have increased by 3.9%.

In the latest quarter, the company's interest has grown by 34.56% to Rs 30.45 crore. Interestingly, despite its size, domestic mutual funds hold only 0% of the company. This could indicate that they are either not comfortable with the current price or have not conducted in-depth research on the company.

In the last year, Hariom Pipe Industries has underperformed the market, with the BSE 500 generating returns of 33.50% while the stock has generated negative returns of -5.20%. This could be a cause for concern for investors.

Overall, while the company has shown strong growth potential, its recent performance and lack of interest from domestic mutual funds may be a red flag for investors. It is important to conduct thorough research and analysis before making any investment decisions.