Ganges Securities Sees Revision in Score Amid Strong Quarterly Performance Ganges Securities, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently experienced a revision in its score by MarketsMOJO. The company has reported impressive metrics in its latest quarterly results for September 2024, achieving its highest net sales at Rs 15.16 crore, alongside a peak in PBDIT at Rs 8.94 crore and PBT less other income reaching Rs 8.74 crore. From a technical standpoint, Ganges Securities is situated within a bullish range, with indicators such as MACD, Bollinger Bands, KST, and OBV reflecting positive trends. The stock has shown strong market performance, generating returns of 62.96% over the past year and consistently outperforming the BSE 500 index across various time frames. However, the company continues to grapple with challenges regarding its long-term fundamental strength, as indicated by an average return on equity (ROE) of 2.45% and modest growth rates in net sales and operating profit. Ganges Securities has been added to MarketsMOJO's list, underscoring its current market position amid these mixed signals.

Ganges Securities, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently seen an adjustment in its evaluation by MarketsMOJO. The stock's performance metrics have shown notable improvements, particularly in the latest quarterly results for September 2024. The company reported its highest net sales at Rs 15.16 crore, alongside a peak in PBDIT at Rs 8.94 crore and PBT less other income reaching Rs 8.74 crore.
Technically, Ganges Securities is positioned within a bullish range, with indicators such as MACD, Bollinger Bands, KST, and OBV reflecting positive trends. The stock has demonstrated a strong market performance, generating returns of 62.96% over the past year and outperforming the BSE 500 index over various time frames.

Despite these positive indicators, the company faces challenges with long-term fundamental strength, evidenced by an average return on equity (ROE) of 2.45% and modest growth rates in net sales and operating profit. Ganges Securities has been added to MarketsMOJO's list, highlighting its current standing in the market amidst these mixed signals.