Optimus Finance Receives 'Hold' Rating from MarketsMOJO After Strong Financial Performance in September 2024

Optimus Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company reported positive results in September 2024, with a significant growth in net sales and profits. The company's net sales for the first half of the year stood at Rs 75.74 crore, showing a growth of 62.92%, while its profits grew by 63.79% to Rs 2.85 crore.
Technically, the stock is currently in a bullish range and has shown improvement from a mildly bullish trend on 22-Nov-24. Multiple factors, such as MACD, Bollinger Band, and OBV, indicate a bullish outlook for the stock.

With a return on equity (ROE) of 11.8%, Optimus Finance is currently trading at a fair valuation with a price to book value of 2.1. However, the stock is trading at a premium compared to its average historical valuations. In the past year, the stock has generated a return of 86.39%, while its profits have risen by 66.1%. The PEG ratio of the company stands at 0.3, indicating a potential for future growth.

The majority shareholders of Optimus Finance are its promoters, which can be seen as a positive sign for investors. The company has also shown consistent returns over the last three years, outperforming the BSE 500 index in each of the last three annual periods.

However, the company's long-term fundamental strength is weak, with an average ROE of 12.63%. This may be a cause for concern for investors, and it is important to keep an eye on the company's performance in the future. Overall, MarketsMOJO's 'Hold' rating on Optimus Finance suggests a neutral stance for investors, with potential for growth in the future.