Ceejay Finance Experiences Revision in Stock Evaluation Amid Strong Financial Performance

Ceejay Finance, 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 net sales for the half-year reached Rs 11.66 crore, reflecting a growth of over 20%. Additionally, the company achieved its highest quarterly PBDIT at Rs 3.91 crore and a notable PBT less other income of Rs 2.96 crore.
The stock is currently positioned within a bullish technical range, with indicators such as MACD, Bollinger Bands, and KST signaling positive momentum. Ceejay Finance has demonstrated consistent returns over the past three years, outperforming the BSE 500 index during this period and generating a substantial 54.70% return in the last year alone.

However, it is important to note that the company faces challenges with its long-term fundamental strength, evidenced by an average return on equity of 10.00% and a relatively high price-to-book value ratio of 1.4. Despite these concerns, Ceejay Finance has been added to MarketsMOJO's list, reflecting its current market position and performance metrics.