Ceejay Finance Receives 'Hold' Rating from MarketsMOJO, Technical Indicators Suggest Bullish Trend

Ceejay Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on January 9, 2024. This upgrade is based on various technical indicators that suggest a bullish trend for the stock.
Since January 5, 2024, the stock has shown a positive trend and has generated a return of -2.45%. This is supported by factors such as MACD, KST, and DOW, which are all indicating a bullish trend for the stock.

In terms of valuation, Ceejay Finance has an attractive price to book value of 0.9 and a return on equity (ROE) of 10.3%. However, the stock is currently trading at a premium compared to its historical valuations.

Despite generating a return of 49.90% in the past year, the company's profits have only increased by 16.4%. This is reflected in the PEG ratio of 0.6, indicating that the stock may be slightly overvalued.

The majority shareholders of Ceejay Finance are the promoters, which can be seen as a positive sign for the company's stability and growth potential.

In the long term, Ceejay Finance has shown market-beating performance, outperforming the BSE 500 index in the last 3 years, 1 year, and 3 months. However, the company's fundamental strength is weak, with an average ROE of 10.00% and a slow growth rate in net sales and operating profit.

The company's financial results for September 2023 were also flat, with the lowest cash and cash equivalents at Rs 1.09 crore and the lowest EPS at Rs 4.41.

Overall, while Ceejay Finance has shown a positive trend in the short term, its long-term growth potential may be limited. Investors are advised to hold onto their stocks for now and monitor the company's performance closely.