Classic Leasing & Finance Receives Upgraded Stock Call from MarketsMOJO, Shows Strong Improvement in Key Metrics

Classic Leasing & Finance, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on 2024-11-28 due to positive results in September 2024. The company's PBDIT(Q), PBT LESS OI(Q), and PAT(Q) have all shown significant improvement, with the latter reaching a high of Rs 0.17 cr.
In addition, the stock is currently in a bullish range and has shown a 101.9% return since October 30, 2024. This improvement in technical trend is supported by multiple factors such as MACD, Bollinger Band, KST, DOW, and OBV.

Despite a ROE of -8.8, Classic Leasing & Finance has a very attractive valuation with a -3.3 price to book value. The stock is currently trading at a discount compared to its historical valuations. Furthermore, while the stock has generated a return of 172.40% in the past year, its profits have also increased by 34%, resulting in a PEG ratio of 0.

The majority shareholders of Classic Leasing & Finance are non-institutional investors. The stock has outperformed the market (BSE 500) with a return of 172.40% in the last year, compared to the market's return of 26.36%.

However, the company's long-term fundamental strength is weak with a negative book value and poor growth in net sales and operating profit. Despite this, the stock has shown impressive market-beating performance in the past year.