KJMC Corporate Advisors (India) shows strong growth and bullish indicators, stock upgraded to 'Hold' by MarketsMOJO

KJMC Corporate Advisors (India) is a microcap company in the finance/NBFC industry. Recently, MarketsMOJO has upgraded its stock call to 'Hold' on October 29, 2024.
The company has shown positive results for the last 5 consecutive quarters, with a significant growth of 56.30% in net sales for the last 9 months. This has led to the stock being in a mildly bullish range, with indicators like MACD, KST, and OBV all pointing towards a bullish trend.

Moreover, the stock is currently trading at an attractive valuation with a price to book value of 0.5, which is lower than its historical average. In the past year, the stock has generated a return of 94.98%, while its profits have increased by 62.6%. This has resulted in a low PEG ratio of 0.2, indicating that the stock may be undervalued.

The majority shareholders of KJMC Corporate Advisors (India) are the promoters, which can be seen as a positive sign for investors. The stock has also outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months, showcasing its market-beating performance in both the long and near term.

However, the company does have some weak long-term fundamental strengths, with an average return on equity (ROE) of 0.22%. Its long-term growth has also been poor, with net sales growing at an annual rate of 19.09% and operating profit at 7.39%.

Overall, with its recent positive results and bullish indicators, KJMC Corporate Advisors (India) may be a good stock to hold in the short term. However, investors should also consider the company's weak long-term fundamentals before making any investment decisions.