Pioneer Investcorp Receives Upgraded Stock Call from MarketsMOJO, Showing Impressive Growth in Profits and Technical Indicators

Pioneer Investcorp, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on October 15, 2024.
The upgrade is based on the positive results shown by the company in June 2024. The company's PAT (9M) has grown by an impressive 1,606.52%, reaching Rs 6.93 crore. Additionally, its PBDIT (Q) has also reached its highest at Rs 3.54 crore. The operating profit to net sales (Q) has also shown a significant increase, reaching its highest at 40.97%.

Technically, the stock is currently in a bullish range and has shown improvement since October 11, 2024, generating a return of 1.08%. Multiple factors, such as MACD, Bollinger Band, KST, and OBV, indicate a bullish trend for the stock.

With a ROE of 2.8, the stock is fairly valued with a price to book value of 0.5. It is currently trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 87.66%, while its profits have risen by 211.5%. The PEG ratio of the company is 0.1, indicating a market-beating performance in the long term as well as the near term. The stock has also outperformed BSE 500 in the last 3 years, 1 year, and 3 months.

However, the company's long-term fundamental strength is weak, with an average ROE of 2.06%. Its net sales have also shown poor growth, with an annual rate of -3.21%.

It is worth noting that 43.92% of the promoter shares are pledged, which can put additional downward pressure on the stock prices in falling markets. Despite this, Pioneer Investcorp has shown promising results and has the potential to continue its market-beating performance in the future.