Disha Resources Receives 'Hold' Rating from MarketsMOJO, Shows Strong Short-Term Performance

Disha Resources, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on August 12, 2024. This upgrade is based on various technical factors such as the stock being in a bullish range and showing improvement in its technical trend since August 8, 2024, resulting in a 7.17% return. Additionally, the company has a very attractive valuation with a price to book value of 0.4 and is currently trading at a discount compared to its historical valuations.
In the past year, Disha Resources has generated a return of 155.50%, while its profits have increased by 264%. This has resulted in a PEG ratio of 0, indicating a strong performance. The majority shareholders of the company are non-institutional investors.

Disha Resources has also shown market-beating performance in the long term, outperforming the BSE 500 index in the last 3 years, 1 year, and 3 months. However, the company has a weak long-term fundamental strength due to its operating losses and poor growth in operating profit, which has only grown at an annual rate of 35.22%.

The company's results for March 2024 were flat, indicating a need for improvement in its operations. Overall, while Disha Resources has shown strong performance in the short term, its long-term fundamentals need to be improved for sustained growth. Investors are advised to hold onto their stocks for now and monitor the company's progress in the coming months.