Mangal Credit & Fincorp Experiences Revision in Stock Evaluation Amid Strong Performance Indicators

Mangal Credit & Fincorp, a microcap finance company, has recently experienced a revision in its score from MarketsMOJO, reflecting a notable adjustment in evaluation. This change comes on the heels of the company's impressive performance over the last nine consecutive quarters, highlighted by a significant growth in its profit after tax and a record high in cash and cash equivalents.
The stock has demonstrated a bullish trend, transitioning from a mildly bullish stance earlier this month. Technical indicators such as MACD, Bollinger Bands, and KST suggest a positive outlook for Mangal Credit & Fincorp, reinforcing investor confidence.

Despite trading at a premium compared to its historical valuations, the stock has delivered a commendable return over the past year, outperforming the BSE 500 index across various time frames. The company's majority ownership by its promoters further underscores their belief in its ongoing performance.

While the long-term fundamental strength shows some weaknesses, particularly in return on equity, the recent positive results and favorable technical indicators have led to the stock being added to MarketsMOJO's list. This development positions Mangal Credit & Fincorp as a noteworthy player in the finance sector, meriting attention from investors looking for potential opportunities.