Raj Television Network Receives 'Hold' Rating

Raj Television Network, a microcap company in the TV broadcasting and software industry, has recently received a 'Hold' rating from MarketsMOJO on 2023-09-25. This upgrade comes as the stock has shown a bullish trend and has generated a return of 1.58% since 04-Dec-23.
The majority shareholders of the company are promoters, however, the company has shown poor management efficiency with a low ROCE of 3.09%. This signifies a low profitability per unit of total capital. Additionally, the company's ability to service its debt is weak with a poor EBIT to Interest ratio of 1.14.

Furthermore, the company has shown poor long-term growth with a net sales growth rate of only 12.89% over the last 5 years. The stock is also trading at an expensive valuation with an enterprise value to capital employed ratio of 1.9.

In the last 9 months, the company's profits have fallen by -83.47%, with a PAT of only Rs 1.78 crore. This has resulted in a flat performance for the company in September 2023. The stock has also underperformed the market in the last year, generating negative returns of -3.24% while the market has shown a return of 16.72%.

Overall, while the stock has shown a bullish trend, the company's financial performance and management efficiency raise concerns. Investors may want to hold off on investing in Raj Television Network until there is a significant improvement in its financials.