Maharashtra Scooters: A Strong Hold with Promising Long-Term Growth Potential

Maharashtra Scooters, a midcap company in the finance/NBFC industry, has recently been downgraded to a 'Hold' by MarketsMOJO on October 29, 2024. This decision was based on the company's strong long-term fundamental strength, with a 25.78% CAGR growth in operating profits.
The company has shown healthy long-term growth, with net sales growing at an annual rate of 76.01% and operating profit at 25.78%. In the latest quarter, the company has also reported positive results, with net sales growing at 189.8%, PBT less OI growing at 217.6%, and PAT growing at 173.4%.

Technically, the stock is currently in a mildly bullish range, with multiple factors such as MACD, KST, DOW, and OBV indicating a bullish trend. However, with a ROE of 0.6, the stock is fairly valued with a price to book value of 0.4.

It is worth noting that the stock is currently trading at a premium compared to its average historical valuations. In the past year, while the stock has generated a return of 33.80%, its profits have fallen by -13.6%.

The majority shareholders of Maharashtra Scooters are the promoters, indicating their confidence in the company's future prospects. Overall, while the stock may not be a strong buy at the moment, it is still a good hold for investors looking for long-term growth potential.