JMJ Fintech Receives 'Hold' Rating from MarketsMOJO After Strong Q4 Results

JMJ Fintech, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on March 4th, 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.
The stock is currently in a Mildly Bullish range and its technical factors, such as MACD and KST, are also showing a Bullish trend. With a ROE of 12.8, the company has an attractive valuation with a price to book value of 2.1. In addition, the stock is currently trading at a discount compared to its average historical valuations.

Over the past year, JMJ Fintech has generated a return of 42.92%, while its profits have increased by 123%. This results in a low PEG ratio of 0.1, indicating potential for future growth. The majority of the company's shareholders are non-institutional investors.

JMJ Fintech has also shown consistent returns over the last 3 years, outperforming the BSE 500 index in each of the last 3 annual periods. However, the company's long-term fundamental strength is weak, with an average ROE of 1.35% and poor growth in net sales at an annual rate of 3.89%.

Overall, JMJ Fintech's recent upgrade to a 'Hold' rating by MarketsMOJO reflects its positive performance in the last quarter and potential for future growth. However, investors should also consider the company's weak long-term fundamentals before making any investment decisions.