T & I Global Receives 'Hold' Rating from MarketsMOJO, Strong Financials and Bullish Indicators Support Upgrade

Apr 30 2024 06:17 PM IST
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T & I Global, a microcap company in the tea/coffee industry, has received a 'Hold' rating from MarketsMojo due to its strong financial position with a low Debt to Equity ratio of 0.02 times. The stock has shown improvement since April 2024 and has attractive valuation metrics, but its long-term growth has been poor.
T & I Global, a microcap company in the tea/coffee industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade is based on several factors, including the company's low Debt to Equity ratio of 0.02 times, indicating a strong financial position.

Technically, the stock is in a Mildly Bullish range and has shown improvement since April 29, 2024, with a return of -1.97%. This is supported by bullish indicators such as MACD, Bollinger Band, and KST.

In terms of valuation, T & I Global has an attractive Price to Book Value of 1.8 and is currently trading at a discount compared to its historical average. Additionally, the company's profits have risen by 66.2% in the past year, while the stock has generated a return of 104.83%. This results in a PEG ratio of 0.2, indicating a potential undervaluation.

The majority shareholders of T & I Global are the promoters, which can be seen as a positive sign for investors. The stock has also outperformed the market (BSE 500) with a return of 104.83% in the last year, compared to the market's return of 36.90%.

However, the company's long-term growth has been poor, with a low annual growth rate of 9.98% for Net Sales and 11.13% for Operating profit over the last 5 years. In addition, the results for December 2023 were flat, with the lowest Net Sales and Operating profit in the quarter.

Overall, T & I Global's stock is currently a 'Hold' based on its financial position, technical indicators, and valuation. However, investors should keep an eye on the company's long-term growth potential.
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