JMJ Fintech Receives 'Hold' Rating from MarketsMOJO After Record Breaking Results

JMJ Fintech, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on February 15, 2024. This upgrade comes after the company reported positive results in December 2023, with its PAT(Q) reaching a record high of Rs 1.03 crore, PBDIT(Q) at Rs 1.49 crore, and PBT LESS OI(Q) at Rs 1.25 crore.
Technically, the stock is currently in a Mildly Bullish range and both its MACD and KST technical factors are also Bullish. With a ROE of 12.8, the stock is considered to have an attractive valuation with a price to book value of 2.1. Additionally, it is currently trading at a discount compared to its average historical valuations. Over the past year, the stock has generated a return of 63.30%, while its profits have risen by 123%. This results in a PEG ratio of 0.1, indicating a potential undervaluation of the stock.

The majority of the company's shareholders are non-institutional investors, which could suggest a strong belief in the company's potential. In fact, JMJ Fintech has a track record of market-beating performance in both the long term and near term. Along with its impressive 63.30% return in the last year, the stock has also outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months.

However, it is important to note that JMJ Fintech has weak long-term fundamental strength, with an average ROE of 1.35%. Its net sales have also only grown at an annual rate of 3.89%, indicating poor long-term growth. Despite this, the company has shown strong performance in the recent past and has the potential to continue its positive momentum in the near future.