Kiduja India Receives 'Hold' Rating from MarketsMOJO, Shows Positive Results in Last 5 Quarters

Kiduja India, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on October 25, 2024. This upgrade comes as the company has shown positive results for the last five consecutive quarters, with higher net sales of Rs 38.91 crore and a higher profit after tax of Rs 28.31 crore in the last nine months.
Technically, the stock is in a bullish range and has shown improvement from a mildly bullish trend on October 25, 2024. Multiple factors such as MACD, Bollinger Band, KST, and DOW indicate a bullish trend for the stock.

The majority shareholders of Kiduja India are the promoters, which is a positive sign for investors. The company has also shown market-beating performance in the long term, with a return of 403.34% in the last year and outperforming BSE 500 in the last three years, one year, and three months.

However, the company's long-term fundamental strength is weak, with a negative book value and poor growth in net sales and operating profit. The return on equity (ROE) is also at a concerning -166.4, indicating a very expensive valuation with a -5.3 price to book value.

Despite the stock's impressive return of 403.34% in the last year, its profits have only risen by 613%, resulting in a PEG ratio of 0. This suggests that the stock may be overvalued and investors should exercise caution before making any investment decisions.

In conclusion, while Kiduja India has shown positive results and a bullish trend, its long-term fundamental strength and valuation raise some concerns. Investors are advised to hold onto their positions and closely monitor the company's performance in the future.