Maha Rashtra Apex Corporation Receives 'Hold' Rating, Shows Strong Growth and Attractive Valuation

Maha Rashtra Apex Corporation, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on September 6, 2024. This downgrade is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 21.97%.
The company has shown healthy long-term growth, with an annual rate of 72.19% in operating profit. In addition, the company's recent results in June 2024 have been positive, with a higher PAT (HY) of Rs 444.14 crore.

From a technical standpoint, the stock is currently in a mildly bullish range, with multiple factors such as MACD, KST, and OBV indicating a bullish trend.

Moreover, with a ROE of 74.7, the stock is currently trading at a very attractive valuation with a price to book value of 0.5. This is a significant discount compared to its average historical valuations.

In the past year, the stock has generated a return of 37.81%, while its profits have risen by an impressive 35465%. This further highlights the company's strong performance and potential for growth.

It is worth noting that the majority shareholders of Maha Rashtra Apex Corporation are the promoters themselves, which can be seen as a positive sign for investors.

Overall, while the stock may have been downgraded to a 'Hold' rating, the company's strong fundamentals, positive growth, and attractive valuation make it a promising investment opportunity for the long term.