Cil Securities Receives 'Hold' Rating from MarketsMOJO Due to Bullish Factors and Strong Technical Trend

Cil Securities, a microcap company in the finance/NBFC industry, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on 2024-09-03 due to various bullish factors.
One of the main reasons for the upgrade is the stock's technical trend, which has improved from Mildly Bullish to Bullish on 12-Aug-24. Since then, the stock has generated a return of 2.2%. Additionally, indicators such as MACD, KST, and DOW are also showing bullish signals.

Moreover, with a return on equity (ROE) of 10.3%, the stock is considered to have an attractive valuation with a price to book value of 1. However, it is currently trading at a premium compared to its average historical valuations.

In the past year, Cil Securities has generated a return of 126.66%, outperforming the BSE 500. However, its profits have only risen by 20.9%, resulting in a PEG ratio of 0.5. The majority shareholders of the company are the promoters.

While the stock has shown market-beating performance in the long term as well as the near term, its fundamental strength in the long term is weak. The average ROE is only 4.79%, and the net sales have grown at an annual rate of 20.55%.

In the latest quarter, Jun 24, the company's results were flat, with the lowest cash and cash equivalents (HY) at Rs 7.60 crore. Overall, Cil Securities is showing potential for growth and has received a 'Hold' rating from MarketsMOJO.