Loyal Equipments Receives 'Hold' Rating from MarketsMOJO Based on Strong Financial Performance

Loyal Equipments, a microcap company in the engineering industry, has recently received a 'Hold' rating from MarketsMOJO on November 13, 2024. This upgrade is based on the company's positive financial results for the last four consecutive quarters.
In the last year, Loyal Equipments has shown a significant growth in its profits, with a PAT (HY) of Rs 4.03 crore, which has increased by 141.32%. The company's operating cash flow (Y) has also reached its highest at Rs 8.09 crore. This indicates a strong financial performance and stability.

Technically, the stock is currently in a mildly bullish range, with both its MACD and Bollinger Band technical factors showing a bullish trend. The majority shareholders of Loyal Equipments are its promoters, which adds to the company's credibility and trustworthiness.

Over the last three years, Loyal Equipments has consistently delivered good returns, outperforming the BSE 500 index. In the last year alone, the stock has generated a return of 36.04%. However, the company's long-term growth has been relatively poor, with a net sales growth rate of 17.64% and operating profit growth rate of 20.10% over the last five years.

Overall, Loyal Equipments has shown promising financial results in the recent past, leading to its upgraded 'Hold' rating. While the company has delivered consistent returns and has a strong promoter base, its long-term growth may need to be closely monitored. Investors are advised to do their own research and make informed decisions before investing in the stock.