Thakkers Developers Receives 'Hold' Rating Upgrade

Thakkers Developers, a microcap real estate company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the stock has shown a technical improvement from a Mildly Bearish trend to a Mildly Bullish one on December 19, 2023. One of the key technical factors contributing to this change is the Bullish Bollinger Band since the same date.
Despite the positive technical trend, the stock's return on equity (ROE) stands at 8.5, making it an attractive valuation with a price to book value of 0.9. However, it is trading at a premium compared to its average historical valuations. In the past year, the stock has generated a negative return of -1.05%, while its profits have fallen by -67.7%.

The majority shareholders of Thakkers Developers are the promoters, indicating their confidence in the company. However, the company has shown poor long-term growth with a 15.29% annual growth rate in net sales over the last 5 years. In the latest quarter, the company reported negative results with the lowest operating cash flow of Rs -9.52 crore and a decline of -70.94% in profits.

Furthermore, Thakkers Developers has underperformed the market in the last year, with a negative return of -1.05% compared to the market's 20.81% return. Investors should keep an eye on the company's financial performance and future growth prospects before making any investment decisions.