Kiduja India Receives 'Hold' Rating from MarketsMOJO After Consistent Positive Results

Kiduja India, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company has consistently shown positive results for the past 5 quarters. In fact, its net sales have grown by an impressive 311.04% and its PAT (profit after tax) for the last 9 months is at Rs 28.31 crore.
Technically, the stock is in a bullish range and the trend has improved from mildly bullish to bullish on November 13, 2024. This is supported by multiple factors such as MACD, Bollinger Band, KST, and DOW. The majority shareholders of the company are the promoters, which is a positive sign for investors.

In terms of performance, Kiduja India has been beating the market in both the long term and near term. In the last 1 year, the stock has generated a return of 358.19%, outperforming the BSE 500 index. This trend has also been seen in the last 3 years, 1 year, and 3 months.

However, the company does have a weak long term fundamental strength with a negative book value. Its long term growth has been poor, with net sales growing at an annual rate of 0% and operating profit at 0%. Additionally, with a ROE (return on equity) of -166.4, the company's valuation is considered very expensive with a -5.5 price to book value.

Despite its strong recent performance, investors should be cautious and consider the company's weak long term fundamentals before making any investment decisions. With a PEG (price/earnings to growth) ratio of 0, it is clear that the stock's current price may not be sustainable in the long run. MarketsMOJO's 'Hold' rating reflects this cautious sentiment.