Enbee Trade & Finance Receives 'Hold' Rating from MarketsMOJO After Positive Q2 Results

Enbee Trade & Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company reported positive results in June 2024, with a 63.29% growth in net sales and a higher profit after tax of Rs 1.83 crore. The company's PBDIT (profit before depreciation, interest, and taxes) for the quarter was also at its highest at Rs 2.15 crore.
Technically, the stock is currently in a mildly bullish range and has shown improvement from a mildly bearish trend on October 11, 2024. One key technical factor, the Bollinger Band, has been bullish since the same date.

Enbee Trade & Finance also has an attractive valuation with a price to book value of 0.6 and a return on equity (ROE) of 4.6. However, the stock is currently trading at a premium compared to its average historical valuations. In the past year, the stock has generated a return of -25.92%, while its profits have fallen by -36.7%. The PEG ratio of the company is 0.3.

The majority shareholders of Enbee Trade & Finance are non-institutional investors. The company has weak long-term fundamental strength with an average ROE of 7.02% and poor long-term growth as its operating profit has declined by an annual rate of -2.75%.

In terms of performance, Enbee Trade & Finance has underperformed the BSE 500 index in the last 3 years, 1 year, and 3 months, with a return of -25.92% in the last year alone. With these factors in mind, MarketsMOJO has upgraded the stock to a 'Hold' rating.