MarketsMOJO Upgrades Apollo Finvest (India) Stock to 'Hold' Amid Strong Long-Term Growth and Bullish Technical Indicators

Apollo Finvest (India) has recently caught the attention of investors as its stock call has been upgraded to 'Hold' by MarketsMOJO on August 23, 2024. This microcap company in the finance/NBFC industry has shown strong long-term fundamental strength with an average return on equity (ROE) of 19.18%. Its net sales have grown at an annual rate of 30.60% and operating profit at 69.14%, indicating healthy long-term growth.
Technically, the stock is in a mildly bullish range and has shown improvement from mildly bearish on August 23, 2024. Multiple factors such as MACD, Bollinger Band, and KST have contributed to the bullish trend. The majority shareholders of Apollo Finvest (India) are its promoters.

In the last year, the stock has outperformed the market (BSE 500) with a return of 113.91%, compared to the market's 37.48% return. However, the company's results for June 2024 were flat, with a -39.14% growth in PAT (HY). Its ROE of 14.6 indicates a very expensive valuation with a price to book value of 7.4. However, the stock is currently trading at a discount compared to its average historical valuations.

Despite its recent market-beating performance, Apollo Finvest (India) has seen a decline in profits by -29.6% in the past year. This information, along with the fact that the company's majority shareholders are its promoters, provides a neutral and informative perspective on the stock's current status. Based on these facts, MarketsMOJO has upgraded the stock call to 'Hold'.