Siddha Ventures Receives 'Hold' Rating from MarketsMOJO

Siddha Ventures, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on 2023-12-12. This upgrade is based on the company's current technical trend, which is in a bullish range. Since 16-Oct-23, the stock has generated a return of 22.66%, further supporting the bullish trend. Additionally, the stock's MACD and Bollinger Band technical factors are also in a bullish state.
Despite the positive technical indicators, the company's financials show a decline in profits by 0% over the past year. However, with a return on equity of 56 and a price to book value of 0.3, the stock is considered to have a very attractive valuation. It is currently trading at a discount compared to its average historical valuations.

The majority shareholders of Siddha Ventures are non-institutional investors. This could be a potential risk factor for the company's future performance. However, the stock has outperformed the market (BSE 500) with a return of 77.22% in the last year.

In the latest quarter, the company's results were flat with PBDIT(Q) and PBT LESS OI(Q) at their lowest at Rs -0.02 cr. The EPS(Q) also saw a decline at Rs -0.04. This could be a cause for concern for investors, but it is important to note that the company is in the microcap category and may have a higher risk profile.

Overall, Siddha Ventures has shown a market-beating performance in the past year and has a bullish technical trend. However, investors should carefully consider the company's financials and majority shareholder profile before making any investment decisions.