Siddha Ventures Receives 'Hold' Rating Upgrade

Siddha Ventures, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on January 3rd, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 1.93% since the previous day. The technical indicators such as MACD, Bollinger Band, and KST are also showing a bullish trend for the stock.
One of the major factors contributing to this upgrade is the company's attractive valuation with a ROE of 56 and a price to book value of 0.3. This is significantly lower than its average historical valuations, making it an attractive investment option.

However, it is important to note that the majority shareholders of Siddha Ventures are non-institutional investors. This may indicate a lack of confidence from institutional investors in the company's future potential.

Despite the stock's impressive return of 115.73% in the last year, its profits have fallen by 0%. This could be a cause for concern for potential investors.

In the latest quarter, Siddha Ventures reported flat results with a PBDIT(Q) of -0.02 cr, PBT LESS OI(Q) of -0.02 cr, and EPS(Q) of -0.04. This could be a reflection of the current market conditions and the impact of the ongoing pandemic on the finance industry.

Overall, while Siddha Ventures has shown a strong market-beating performance in the past year, it is important for investors to carefully consider all factors before making any investment decisions.