Maha Rashtra Apex Corporation Receives Upgraded Stock Call from MarketsMOJO

Maha Rashtra Apex Corporation, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on 30th May 2024. This upgrade is based on the company's strong long-term fundamental strength, with a 2.20% CAGR growth in operating profits.
One of the key factors contributing to this upgrade is the company's healthy long-term growth. Maha Rashtra Apex Corporation has shown a consistent growth in operating profits, with an annual rate of 2.20%. In fact, the company's net sales and PBDIT have reached their highest levels at Rs 6.88 crore and Rs 5.63 crore respectively. Additionally, the company's operating profit to net sales ratio is also at its highest at 81.83%.

From a technical standpoint, the stock is currently in a mildly bullish range. The technical trend has improved from sideways on 30th May 2024, and both the Bollinger Band and OBV technical factors are also bullish. This indicates a positive outlook for the stock in the near future.

Moreover, with a ROE of 74.7, the stock is considered to have a very attractive valuation with a price to book value of 0.4. However, it is currently trading at a premium compared to its average historical valuations. Despite this, the stock has generated a return of 49.31% in the past year, with profits rising by a staggering 15982.7%.

It is worth noting that the majority shareholders of Maha Rashtra Apex Corporation are the promoters themselves. This shows their confidence in the company's performance and future prospects.

In conclusion, Maha Rashtra Apex Corporation has shown a market-beating performance in both the long-term and near-term. Along with generating impressive returns, the stock has also outperformed BSE 500 in the last 3 years, 1 year, and 3 months. With its strong fundamentals and positive technical indicators, the stock is definitely one to watch out for in the finance/NBFC industry.