Siddha Ventures Receives 'Hold' Rating, Shows Bullish Trend

Dec 22 2023 12:00 AM IST
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Siddha Ventures, a microcap finance company, has received a 'Hold' rating from MarketsMojo. The stock has shown a bullish trend and has improved from a mildly bullish position. Despite a decline in profits, the company has a strong return and attractive valuation. It has outperformed the market and remains a stock to watch in the finance/NBFC industry.
Siddha Ventures, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. The stock has shown a bullish trend and has improved from a mildly bullish position on 22nd December 2023. This is supported by various technical indicators such as MACD, Bollinger Band, and OBV.

The company has a very attractive valuation with a ROE of 56 and a price to book value of 0.3. However, its profits have fallen by 0% in the past year, despite generating a return of 110.40%. The majority shareholders of Siddha Ventures are non-institutional investors.

In terms of market performance, the stock has outperformed the BSE 500 index with a return of 110.40% in the last year, compared to the market's return of 22.62%.

In the latest quarter, the company's results were flat with PBDIT(Q) and PBT LESS OI(Q) at their lowest at Rs -0.02 crore. The EPS(Q) also saw a decline at Rs -0.04. However, with its bullish trend and attractive valuation, Siddha Ventures remains a stock to watch out for in the finance/NBFC industry.
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