Disha Resources Receives Upgraded Stock Call from MarketsMOJO, Now Rated 'Hold' for Improved Technical Trend and Attractive Valuation

Disha Resources, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' due to its improved technical trend and bullish range. On 2024-05-02, the stock's technical trend changed from Mildly Bullish to Bullish, and its MACD and Bollinger Band technical factors are also showing a bullish trend.
One of the reasons for the upgrade is the company's attractive valuation with a ROE of 7.3 and a price to book value of 0.4. This indicates that the stock is trading at a discount compared to its average historical valuations. Additionally, in the past year, the stock has generated a return of 83.75%, while its profits have increased by 208%.

The majority shareholders of Disha Resources are non-institutional investors. This has contributed to the stock's market-beating performance, with a return of 83.75% in the last year, compared to the market's (BSE 500) return of 36.71%.

However, the company does have some weak points, such as operating losses and poor long-term growth. The operating profit has only grown by an annual rate of 4.90%, indicating a weak long-term fundamental strength. In addition, the company's results for December 2023 were flat, with the lowest EPS(Q) at Rs -0.04.

Overall, Disha Resources' stock has shown promising performance in the past year, but its long-term fundamental strength and growth potential may need to be monitored closely. Investors are advised to hold the stock for now, as per the upgraded stock call from MarketsMOJO.