Adcon Capital Services Sees Revision in Stock Evaluation Amid Strong Quarterly Performance

Adcon Capital Services, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently seen a revision in its stock evaluation by MarketsMOJO. The adjustment comes on the heels of positive financial results reported for September 2024, where the company achieved its highest quarterly performance metrics. Notably, the Profit Before Depreciation, Interest, and Taxes (PBDIT) reached Rs 1.23 crore, alongside a similar figure for Profit Before Tax (PBT) and a Profit After Tax (PAT) of Rs 1.15 crore.
The stock's technical indicators have shifted to a mildly bullish range, improving from a previously bearish outlook. This change is supported by favorable trends in key technical factors such as MACD and Bollinger Bands. Despite a challenging year, where Adcon Capital Services has faced significant underperformance compared to the broader market, the company boasts a very attractive valuation with a Price to Book Value ratio of 0.6 and a Return on Equity (ROE) of 4.9.

Additionally, the stock has been added to MarketsMOJO's list, reflecting a nuanced perspective on its current market position and performance indicators.