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

Kiduja India, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company has consistently shown positive results for the last 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.
The stock is currently in a bullish range and has shown a 35.51% return since 06-Aug-24. This improvement in technical trend is supported by various factors such as MACD, Bollinger Band, KST, DOW, and OBV. Additionally, the promoters of Kiduja India have also shown confidence in the company by increasing their stake by 9.99% in the previous quarter, currently holding 75% of the company.

In terms of performance, Kiduja India has not only outperformed the BSE 500 in the last 3 years, 1 year, and 3 months, but it has also generated a remarkable return of 458.02% in the last 1 year. However, the company's long-term fundamental strength is weak with a negative book value and poor growth in net sales and operating profit.

Moreover, with a ROE (return on equity) of -166.4 and a price to book value of -5.3, the stock is currently overvalued. It is trading at a premium compared to its historical valuations. Despite its impressive return in the past year, the PEG (price/earnings to growth) ratio of Kiduja India is at 0, indicating that the stock may not be a good investment for the long term.

In conclusion, while Kiduja India has shown promising results in the past few quarters and has received a 'Hold' rating from MarketsMOJO, its long-term fundamental strength and expensive valuation should be taken into consideration before making any investment decisions.