Standard Industries Receives 'Hold' Rating from MarketsMOJO Based on Low Debt and Bullish Trend

Standard Industries, a microcap trading company, has recently received a 'Hold' rating from MarketsMOJO on August 6, 2024. This upgrade is based on the company's low Debt to Equity ratio, which is currently at 0 times.
The stock is also showing a bullish trend, with technical indicators such as MACD, KST, and OBV all pointing towards a positive outlook. Additionally, the company has a high institutional holding of 42.91%, indicating that it is well-analyzed by investors with better resources.

In terms of performance, Standard Industries has outperformed the BSE 500 index in the long term as well as the near term, with a return of 35.52% in the last year. However, the company has shown poor long-term growth, with an annual operating profit growth rate of -0.16% over the last 5 years.

The company's results for March 2024 were flat, with a decline in profits and a negative ROCE of -1.62%. Furthermore, the non-operating income for the quarter was 191.67% of the profit before tax, indicating a reliance on non-operating activities for profitability.

One of the major concerns for investors is the negative EBITDA of the company, making it a risky investment compared to its historical valuations. Despite a return of 35.52% in the past year, the company's profits have declined by -100.6%. However, the current price of the stock offers a high dividend yield of 3.5%.

In conclusion, while Standard Industries has received a 'Hold' rating from MarketsMOJO, investors should carefully consider the company's financial performance and risk factors before making any investment decisions.