Airan Receives Upgraded Stock Call from MarketsMOJO, Showing Strong Financial Performance and Growth Potential

Nov 11 2024 07:07 PM IST
share
Share Via
Airan, a microcap IT software company, has received an upgraded stock call from MarketsMojo to 'Hold' based on its strong financial performance and healthy long-term growth prospects. The company has a low Debt to Equity ratio and has reported positive results with a record high PAT(Q). The stock has outperformed the market, but its management efficiency and high valuation should be considered before investing.
Airan, a microcap IT software company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on November 11, 2024.

The upgrade is based on the company's strong financial performance and healthy long-term growth prospects. Airan has a low Debt to Equity ratio of 0.04 times, indicating a stable financial position. Its operating profit has grown at an annual rate of 33.33%, showcasing a positive trend in the company's performance.

In the latest quarter, Airan has reported positive results with a growth of 146.10% in PBT LESS OI(Q) at Rs 3.79 crore and a highest ROCE(HY) of 13.56%. Its PAT(Q) has also reached a record high of Rs 21.74 crore.

Technically, the stock is in a mildly bullish range and has shown improvement since November 6, 2024, generating a return of -5.65%. The DOW, a key technical factor, has also been mildly bullish since the same date.

The majority shareholders of Airan are its promoters, indicating their confidence in the company's growth potential. The stock has outperformed the market (BSE 500) with a return of 53.21% in the last year, compared to the market's return of 30.30%.

However, the company's management efficiency is a concern with a low ROE of 7.76%. This signifies a low profitability per unit of shareholders' funds. Additionally, with a ROE of 10, the stock is currently trading at an expensive valuation with a price to book value of 3.3. This is higher than its average historical valuations.

Despite the high valuation, Airan's profits have risen by 207.3% in the past year, resulting in a low PEG ratio of 0.1. This indicates that the stock may still have potential for growth in the future.

Overall, Airan's upgraded stock call to 'Hold' reflects its strong financial performance and potential for long-term growth. However, investors should consider the company's management efficiency and valuation before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News