Akme Fintrade Shows Improved Financial Performance Amidst Market Sentiment Shift

Akme Fintrade (India), a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. The company's technical indicators have shown a transition from a mildly bearish stance to a mildly bullish one, suggesting a change in market sentiment.
In terms of performance metrics, Akme Fintrade reported its highest net sales of Rs 31.92 crore in the latest quarter, alongside a peak PBDIT of Rs 23.61 crore and a PBT less other income of Rs 12.11 crore. These figures indicate a positive trajectory in financial performance over the recent quarters, with the company achieving positive results for five consecutive quarters.

Despite a return of -18.56% over the past year, the company has seen a significant increase in profits, rising by 79%. The return on equity stands at 9%, which, while attractive, is accompanied by a long-term average ROE of 8.50%. This suggests a mixed picture of financial health, with the stock having consistently underperformed against benchmarks over the last three years.

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