Jindal Capital Receives 'Hold' Rating and Reports Positive Q1 Results

Jindal Capital, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on August 29, 2024. This upgrade comes after the company reported positive results in the quarter ending June 2024. The company's PBDIT(Q) was at its highest at Rs 0.90 crore, while PBT LESS OI(Q) and PAT(Q) were also at their highest at Rs 0.79 crore.
Technically, the stock is currently in a Mildly Bullish range, with its technical trend improving from Mildly Bearish on August 20, 2024. Since then, the stock has generated a return of -11.55%. Multiple factors, such as MACD, Bollinger Band, and KST, indicate a bullish trend for the stock.

Attractive valuation is another positive aspect of Jindal Capital, with a ROE of 14.6 and a price to book value of 2.8. The stock is currently trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 72.49%, while its profits have risen by 131%. The PEG ratio of the company is 0, indicating a good potential for future growth.

The majority shareholders of Jindal Capital are its promoters, which is a positive sign for investors. The stock has also outperformed the market (BSE 500) with a return of 72.49% in the last year, compared to the market's return of 38.88%.

However, the company's long-term fundamental strength is weak, with an average ROE of 2.40%. Its net sales have also shown poor growth, with an annual rate of -18.53%. This may be a cause for concern for long-term investors.

Overall, Jindal Capital's recent upgrade to a 'Hold' rating and its positive financial results make it a stock worth considering for short-term gains. However, its weak long-term fundamentals should be taken into consideration before making any investment decisions.