may 21: Inditrade Capital Ltd (BSE:532745) has witnessed 5% gain on Monday trade on better Q4 FY 18 results. The company reported 61% growth in income at Rs 25.0 cr while 105% gain was seen in net profit at Rs 4.41 cr. Earnings per share has risen to Rs 1.89.
According to Markets Mojo, the positives following the Q4 results are cash and cash equivalents at its highest at Rs 85.59 cr,. net sales highest at Rs 22.57 cr and financial trend score has jumped from 14 to 29 in three months.
The scrip is trading at a Price Earnings Ratio of 39.85 which makes it expensive . On an annualized basis, Inditrade has outperformed the Sensex by 60.37% and finance sector by 59,48%. On technical charts, RSI of 56 is bullish and ADX of 42 indicates uptrend while MACD has witnessed a bearish crossover signaling more selling.
Investors should be wary of the debt equity ratio which is highest at 1.18 times and non-operating income which is 43.50% of Profit Before Tax.