Disha Resources Receives 'Hold' Rating from MarketsMOJO, Showing Bullish Trend and Attractive Valuation

Disha Resources, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the stock has shown a bullish trend and has improved technically from mildly bullish to bullish on June 7, 2024. The stock has also shown multiple bullish factors such as MACD, Bollinger Band, and KST.
One of the main reasons for the 'Hold' rating is the company's attractive valuation with a price to book value of 0.3 and a return on equity of 7.9. Additionally, the stock is currently trading at a discount compared to its historical valuations. In the past year, the stock has generated a return of 92.73%, while its profits have increased by 264%. This results in a PEG ratio of 0, indicating a potentially undervalued stock.

The majority shareholders of Disha Resources are non-institutional investors, which could indicate a lack of interest from larger investors. However, the stock has shown market-beating performance in the long term as well as the near term. In the last year, it has outperformed the BSE 500 index, and in the last 3 years, 1 year, and 3 months.

Despite its recent success, Disha Resources does have some weaknesses. The company has a weak long-term fundamental strength due to operating losses and poor long-term growth. Its operating profit has only grown at an annual rate of 4.90%. Additionally, the company's results for March 2024 were flat.

Overall, Disha Resources is showing promising signs with its recent bullish trend and attractive valuation. However, investors should also consider the company's weak long-term fundamentals before making any investment decisions.