Purshottam Investofin Receives Upgraded Stock Call from MarketsMOJO, Showing Strong Short-Term Performance

Purshottam Investofin, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on 2024-08-29 due to its positive performance in the last 4 consecutive quarters.
The company has shown significant growth in its profits, with a PAT (HY) of Rs 3.82 crore, which has grown at an impressive rate of 932.43%. Additionally, its NET SALES (Q) have reached a high of Rs 26.96 crore. This positive trend is reflected in the stock's technical analysis, which shows a bullish trend and has improved from Mildly Bullish on 29-Aug-24. Factors such as MACD, Bollinger Band, KST, and OBV also indicate a bullish outlook for the stock.

With a ROE of 26.5, the stock is currently trading at a fair value with a price to book value of 0.8. This is in line with its average historical valuations. In the past year, the stock has generated a return of 291.89%, while its profits have risen by a staggering 1002%. The majority of the shareholders are non-institutional investors.

Purshottam Investofin has also shown a market-beating performance in the long term, outperforming 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 3.35% and poor growth in net sales at an annual rate of 30.38%.

Overall, while Purshottam Investofin has shown strong performance in the short term, its long-term fundamentals may be a cause for concern. Investors are advised to hold onto their stocks for now and keep an eye on the company's future performance.