JMJ Fintech Receives 'Hold' Rating from MarketsMOJO After Strong Financial Performance

JMJ Fintech, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on August 12, 2024. This upgrade comes after the company reported outstanding results in June 2024, with a growth in net profit of 857.89%. This positive trend has continued for the last three consecutive quarters, with higher net sales of Rs 6.76 crore and the highest PBDIT and PBT LESS OI in the last quarter.
Despite these strong financials, the technical trend for JMJ Fintech is currently sideways, indicating no clear price momentum. However, the trend has improved from mildly bearish on August 12, 2024, and has generated a return of 6.95% since then. With a return on equity (ROE) of 24.2%, the company has a very attractive valuation with a price to book value of 2. This is further supported by the fact that the stock is currently trading at a discount compared to its average historical valuations.

In the past year, JMJ Fintech has generated a return of 77.83%, outperforming the BSE 500 index. Additionally, the company's profits have risen by 236.6%, resulting in a PEG ratio of 0. This indicates that the stock is undervalued and has the potential for future growth.

It is worth noting that the majority of JMJ Fintech's shareholders are non-institutional, indicating a strong market performance in the long term as well as the near term. However, the company does have weak long-term fundamental strength, with an average ROE of 4.09% and poor growth in net sales.

Overall, JMJ Fintech's recent 'Hold' rating from MarketsMOJO is a reflection of its strong financial performance and potential for future growth. With a discounted stock price and outperforming the market, it may be a good opportunity for investors to consider adding JMJ Fintech to their portfolio.