Bengal & Assam Company Receives 'Hold' Rating from MarketsMOJO, Showing Strong Fundamentals and Positive Trend

Bengal & Assam Company, a midcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has shown strong long-term fundamental strength with an average Return on Equity (ROE) of 15.28%. The stock is also currently in a bullish range, with technical indicators such as MACD, Bollinger Band, and KST all pointing towards a positive trend.
In addition, Bengal & Assam Company has consistently outperformed the BSE 500 index in the last three annual periods, with a return of 81.19% in the last year alone. However, the company did report negative results in March 2024 after seven consecutive quarters of positive growth. This was reflected in its lowest cash and cash equivalents, net sales, and PBDIT in the last quarter.

Despite its strong performance, the company's valuation is considered expensive with a price to book value of 1.1. However, it is currently trading at a fair value compared to its historical valuations. The company's profits have also risen by 31.9% in the past year, resulting in a low PEG ratio of 0.3.

It is worth noting that despite its midcap size, domestic mutual funds hold only 0.01% of Bengal & Assam Company's shares. This could indicate that they are either not comfortable with the current price or have not conducted in-depth research on the company.

Overall, Bengal & Assam Company's recent 'Hold' rating from MarketsMOJO reflects its strong long-term fundamentals and positive technical trend. However, investors should keep an eye on the company's financial performance and valuation before making any investment decisions.