Oswal Green Tech Receives Upgraded Stock Call from MarketsMOJO, Showing Strong Performance in Recent Quarter

Oswal Green Tech, a smallcap company in the finance/NBFC industry, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on July 25, 2024.
The decision to upgrade the stock to 'Hold' is based on positive results in the March 2024 quarter. The company's net sales have grown by an impressive 397.07% to Rs 25.45 crore, while its PBDIT has reached its highest at Rs 0.04 crore. Additionally, the operating profit to net sales ratio has also reached its highest at 0.16%.

From a technical standpoint, the stock is currently in a bullish range and the technical trend has improved from mildly bullish on July 25, 2024. Multiple factors such as MACD, Bollinger Band, and KST are also indicating a bullish trend for the stock.

In terms of market performance, Oswal Green Tech has outperformed the market (BSE 500) with a return of 75.46% in the last year, compared to the market's return of 35.03%.

However, the company's long-term fundamental strength is weak with an average return on equity (ROE) of 2.23%. The operating profit has also shown poor growth at an annual rate of -3.52%. The stock also has a very expensive valuation with a price to book value of 0.4 and an ROE of 0.3.

It is worth noting that despite its smallcap size, domestic mutual funds hold only 0.03% of the company. This could signify that either they are not comfortable with the current price or they have not conducted in-depth research on the company.

In conclusion, while Oswal Green Tech has shown strong performance in the past year, its long-term fundamentals and expensive valuation may be a cause for concern. Investors may want to hold onto the stock for now and keep an eye on its future performance.