MarketsMOJO Upgrades Titan Intech to 'Hold' Based on Strong Financial Performance and Attractive Valuation

MarketsMOJO has recently upgraded its stock call on Titan Intech, a microcap company in the textile industry, to 'Hold'. This decision is based on the company's high management efficiency, with a ROE of 21.22%, and its healthy long-term growth, with net sales and operating profit growing at an annual rate of 48.59% and 49.27%, respectively.
In addition, Titan Intech has declared positive results for the last 7 consecutive quarters, with PAT(HY) growing at 80.77% and NET SALES(HY) growing at 22.57%. The company also has a high DEBTORS TURNOVER RATIO(HY) of 6.20 times, indicating efficient management of its debtors.

With a ROE of 11.4, Titan Intech is currently trading at a very attractive valuation with a price to book value of 2.1. The stock is also trading at a discount compared to its average historical valuations. Over the past year, the stock has generated a return of 48.55%, while its profits have risen by 133%.

However, there are some bearish factors to consider. Promoter holding has decreased this quarter and now holds 11.54% of the company. Additionally, the stock is currently in a mildly bearish range, with multiple technical indicators such as MACD, Bollinger Band, and KST showing a bearish trend.

Overall, MarketsMOJO's upgrade to a 'Hold' call on Titan Intech is based on the company's strong financial performance and attractive valuation. Investors should keep an eye on the bearish factors and make informed decisions based on their risk appetite.