Mangal Credit & Fincorp Sees Revision in Stock Evaluation Amid Strong Performance Mangal Credit & Fincorp, a notable player in the finance and non-banking financial company (NBFC) sector, has recently undergone a revision in its stock evaluation by MarketsMOJO. This adjustment highlights the company's consistent performance, as it has reported positive results for nine consecutive quarters. The firm's profit after tax for the half-year reached Rs 6.97 crore, indicating a significant growth trajectory. In addition to its impressive earnings, Mangal Credit & Fincorp has declared its highest dividend per share at Rs 0.60, supported by a robust cash position with cash and cash equivalents amounting to Rs 29.80 crore. Technically, the stock is positioned within a bullish range, with indicators such as MACD and Bollinger Bands reinforcing this trend. While there has been a slight decline in returns recently, Mangal Credit & Fincorp has shown remarkable performance over the past year, generating returns of 33.63% and consistently outperforming the BSE 500 index across various time frames. However, it is important to note that the company has demonstrated weak long-term fundamental strength, reflected in an average return on equity of 7.38%. The recent addition of Mangal Credit & Fincorp to MarketsMOJO's list underscores its evolving market position and potential for future growth.

Mangal Credit & Fincorp, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently experienced a revision in its stock evaluation by MarketsMOJO. The adjustment reflects the company's consistent performance, having reported positive results for the last nine consecutive quarters. Notably, the company's profit after tax for the half-year reached Rs 6.97 crore, showcasing a significant growth rate.
The firm has also declared its highest dividend per share at Rs 0.60, alongside a robust cash position, with cash and cash equivalents hitting Rs 29.80 crore. Technically, Mangal Credit & Fincorp is positioned within a bullish range, with indicators such as MACD and Bollinger Bands supporting this trend.

Despite a mild decline in returns recently, the stock has demonstrated impressive performance over the past year, generating returns of 33.63% and outperforming the BSE 500 index over various time frames. However, it is worth noting that the company exhibits weak long-term fundamental strength, with an average return on equity of 7.38%. Mangal Credit & Fincorp has been added to MarketsMOJO's list, reflecting its evolving market position.