Goyal Associates Receives Upgraded 'Hold' Rating from MarketsMOJO, Attractive Valuation and Positive Technical Trend Indicate Potential for Growth

Goyal Associates, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on 16th July 2024.
The technical trend for Goyal Associates has improved from Mildly Bullish to Bullish on 12th July 2024. This is due to multiple factors such as MACD, Bollinger Band, and KST, indicating a positive outlook for the stock.

One of the key reasons for the 'Hold' rating is the stock's attractive valuation. With a ROE of 22.5 and a 3 Price to Book Value, the stock is trading at a discount compared to its average historical valuations. Additionally, the company's profits have risen by 16% in the past year, while the stock has generated a return of 19.88%. This gives the company a low PEG ratio of 0.3, further supporting the 'Hold' rating.

It is worth noting that the majority shareholders of Goyal Associates are non-institutional investors. However, the company has a weak long-term fundamental strength with an average ROE of 9.54%. The company's results for March 2024 were flat, indicating a need for improvement in the future.

In the last year, Goyal Associates has underperformed the market, with a return of 19.88% compared to the market's return of 37.74% (BSE 500). This may be a cause for concern for investors, but the upgraded 'Hold' rating suggests that the stock still has potential for growth.

Overall, Goyal Associates is a microcap finance company with a 'Hold' rating from MarketsMOJO. While the company has some weaknesses, its attractive valuation and positive technical trend make it a stock worth considering for investors.