Hazoor Multi Projects Downgraded to 'Sell' by MarketsMOJO Due to Negative Financial Performance

Hazoor Multi Projects, a smallcap company in the construction and real estate industry, has recently been downgraded to a 'Sell' by MarketsMOJO on September 23, 2024. This decision was based on the company's negative financial performance in the past few quarters.
In the quarter ending June 2024, Hazoor Multi Projects reported a significant decrease in net sales by -74.62%, resulting in very negative results. This trend has continued for the last three consecutive quarters, with a -99.4% fall in PAT(Q) and a lowest PBDIT(Q) of -0.20 cr. Additionally, the company's operating profit to net sales ratio is at its lowest at -0.59%.

Furthermore, with a ROE of 15.2, the stock is currently overvalued with a 5 Price to Book Value. However, it is trading at a discount compared to its average historical valuations. Despite generating a return of 364.49% in the past year, the company's profits have fallen by -42.5%.

On a positive note, Hazoor Multi Projects has a strong ability to service debt with a low Debt to EBITDA ratio of 0.61 times. It also has a healthy long-term growth potential, with an annual growth rate of 224.98% in net sales and 142.04% in operating profit.

From a technical standpoint, the stock is currently in a bullish range and has shown improvement since August 29, 2024, generating a return of 36.75%. Multiple factors, such as MACD, Bollinger Band, KST, DOW, and OBV, indicate a bullish trend for the stock.

Moreover, Hazoor Multi Projects has consistently outperformed the BSE 500 index in the last three years, generating a return of 364.49% in the past year alone. However, considering the recent negative financial performance, MarketsMOJO has downgraded the stock to a 'Sell' and advises investors to be cautious while making any investment decisions.