MarketsMOJO Upgrades KDDL Stock to 'Hold' Amidst Bullish Trend and Mixed Performance

MarketsMOJO has recently upgraded its stock call on KDDL to 'Hold' based on various factors. The company, which operates in the miscellaneous industry and falls under the smallcap category, has shown healthy long-term growth with an annual operating profit growth rate of 29.19%. This has led to a bullish trend in the stock, with technical indicators such as MACD, Bollinger Band, KST, and DOW all pointing towards a positive outlook.
In addition, KDDL has consistently outperformed the BSE 500 index in the last 3 years, with a return of 84.96% in the last 1 year alone. However, the company recently declared negative results in June 2024 after 14 consecutive quarters of positive results. This has led to a decrease in PAT(Q) by -33.1% and an increase in INTEREST(Q) by Rs 7.06 cr, with the OPERATING PROFIT TO INTEREST (Q) ratio at its lowest at 7.77 times.

Despite its expensive valuation with a 6 Price to Book Value and a PEG ratio of 1.1, the stock is currently trading at a discount compared to its average historical valuations. It is also worth noting that domestic mutual funds hold only 0% of the company, which could indicate their discomfort with the current price or the business itself.

Overall, MarketsMOJO's 'Hold' rating on KDDL takes into consideration both the positive and negative aspects of the company's performance. Investors should carefully evaluate their own risk appetite and do their own research before making any investment decisions.