Vikram Thermo (India) Attracts Investor Attention with Upgraded Stock Call and Promising Growth Potential

Vikram Thermo (India) has recently caught the attention of investors as its stock call has been upgraded to 'Hold' by MarketsMOJO on November 6, 2024. This microcap company in the chemicals industry has shown promising growth potential with a low Debt to Equity ratio of 0.01 times and a healthy long-term growth rate of 36.40% in operating profit.
In the latest quarter, the company has reported positive results with a 29.0% growth in PBT LESS OI(Q) at Rs 11.02 crore and a 35.8% growth in PAT(Q) at Rs 8.99 crore. The stock is currently in a mildly bullish range and the technical trend has improved from sideways to bullish since November 6, 2024. The Bollinger Band, a key technical factor, has also been bullish since then.

Vikram Thermo (India) has consistently outperformed the BSE 500 index in the last 3 annual periods and has generated a return of 38.78% in the past year. However, with a ROE of 25.4 and a price to book value of 4.8, the stock is currently trading at a premium compared to its historical valuations. The PEG ratio of the company is 0.3, indicating that the stock may be slightly overvalued.

Interestingly, despite its small size, domestic mutual funds hold only 0% of the company. This could either mean that they are not comfortable with the current price or they have not conducted in-depth research on the company. Overall, Vikram Thermo (India) shows potential for growth but investors should carefully consider the current valuation before making any investment decisions.