Jindal Poly Investment & Finance Company Upgraded to 'Hold' by MarketsMOJO, Showing Positive Results in Recent Quarter

Jindal Poly Investment & Finance Company, a microcap finance company, has recently caught the attention of investors as its stock call has been upgraded to 'Hold' by MarketsMOJO on November 28, 2024.
The company has shown positive results in the September quarter after two consecutive negative quarters. Its PBT LESS OI(Q) has reached a high of Rs 140.53 crore, while its PAT(Q) and EPS(Q) have also reached their highest levels at Rs 139.82 crore and Rs 133.04, respectively.

Technically, the stock is in a bullish range and has shown improvement since November 26, 2024, generating a return of -7.27%. Multiple factors such as MACD, Bollinger Band, DOW, and OBV are also indicating a bullish trend for the stock.

With a ROE of 14.4, the stock is currently trading at a fair value with a price to book value of 0.4. This is in line with its average historical valuations. In the past year, the stock has generated a return of 32.90%, while its profits have increased by 28.6%. The PEG ratio of the company is also at a low of 0.1.

Moreover, Jindal Poly Investment & Finance Company has consistently delivered strong returns over the last three years, outperforming the BSE 500 index. However, its long-term fundamental strength is weak with an average ROE of 8.97%.

It is worth noting that despite being a microcap company, domestic mutual funds hold only 0% of the company. This could signify that either they are not comfortable with the current price or they have not conducted in-depth research on the company.

Overall, Jindal Poly Investment & Finance Company shows potential for growth and has been upgraded to a 'Hold' by MarketsMOJO. However, investors should also consider the company's weak long-term fundamental strength and the lack of interest from domestic mutual funds before making any investment decisions.