Hathway Cable's Mixed Financial Performance Sparks Institutional Investor Interest

Hathway Cable & Datacom, a small-cap player in the Media & Entertainment sector, has recently experienced an adjustment in its evaluation score. This revision reflects a shift in the technical trends surrounding the stock, moving from a mildly bearish stance to a sideways position.
Key financial metrics indicate a mixed performance. The company reported a notable growth in its quarterly results for Q1 FY25-26, with a profit before tax (PBT) of Rs 6.55 crore, marking a growth of 50.92%. Additionally, the profit after tax (PAT) reached Rs 31.03 crore, up by 63.8%, while net sales hit a record high of Rs 530.50 crore. Despite these positive quarterly results, Hathway Cable has faced challenges over the longer term, with a -36.85% compound annual growth rate (CAGR) in operating profits over the past five years and a low return on equity (ROE) of 3.22%.

The stock has underperformed compared to the broader market, with a return of -29.76% over the past year, contrasting with the BSE500's slight decline of -0.36%. Institutional investors have shown increased interest, raising their stake by 0.55% in the last quarter, indicating a potential shift in market dynamics.

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