Raj Television Network Receives 'Hold' Rating from MarketsMOJO, Shows Positive Results and Bullish Outlook

Raj Television Network, a microcap company in the TV broadcasting and software industry, has recently received a 'Hold' rating from MarketsMOJO on February 21, 2024. This upgrade comes after the company reported positive results in December 2023, with the highest debtors turnover ratio of 3.43 times and net sales of Rs 39.54 crore.
The stock is currently in a bullish range and has shown improvement in its technical trend since February 19, 2024, generating a return of -2.79% since then. Multiple factors, such as MACD, Bollinger Band, and KST, indicate a bullish outlook for the stock.

The majority shareholders of Raj Television Network are its promoters, which adds to the company's stability and potential for growth. The stock has consistently outperformed the BSE 500 index in the last three annual periods and has generated a return of 43.18% in the last year.

However, the company's long-term fundamental strength is weak, with an average return on capital employed (ROCE) of 4.43%. Additionally, its ability to service its debt is poor, with a low EBIT to interest ratio of 1.60. The stock also has an expensive valuation, with an enterprise value to capital employed ratio of 2.2.

Despite its recent positive performance, the stock is currently trading at a discount compared to its historical valuations. Furthermore, while the stock has generated a return of 43.18% in the last year, its profits have declined by -87.5%. This indicates a need for caution when considering investing in Raj Television Network.