BIRET Stock Upgraded to 'Buy' by MarketsMOJO, Shows Strong Growth Potential
Brookfield India Real Estate Trust (BIRET) has recently caught the attention of investors as its stock has been upgraded to a 'Buy' by MarketsMOJO. This midcap company in the miscellaneous industry has shown healthy long-term growth, with an annual growth rate of 79.97% in Net Sales and 43.35% in Operating profit. In fact, in the latest quarter, BIRET declared very positive results with a growth in Net Profit of 752.71%. Its operating cash flow is also at its highest at Rs 1,432.83 crore, while its net sales and PBDIT are also at their highest at Rs 573.76 crore and Rs 413.66 crore respectively.Technically, the stock is in a bullish range and the trend has improved from mildly bullish to bullish on 23-Aug-24. A key technical factor, MACD, has also been bullish since 23 Aug 2024. This makes BIRET a promising investment option for those looking for growth in the midcap segment.
However, there are some risks associated with investing in BIRET. The company has a high Debt to EBITDA ratio of 7.88 times, which may affect its ability to service debt. Additionally, its Return on Equity (avg) is at a low of 1.45%, indicating low profitability per unit of shareholders' funds. Its ROCE is also at 4.6, making its valuation very expensive with an Enterprise value to Capital Employed of 1.1.
Despite these risks, BIRET is currently trading at a discount compared to its average historical valuations. In the past year, while the stock has generated a return of 7.45%, its profits have risen by 6%. Moreover, the company has a high dividend yield of 4.1%, making it an attractive option for investors looking for regular income.
It is worth noting that BIRET has underperformed the market in the last 1 year, with a return of 7.45% compared to the market (BSE 500) returns of 37.48%. However, with its recent upgrade to a 'Buy' by MarketsMOJO and its strong financial performance, BIRET has the potential to turn things around and provide good returns for investors in the future.
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