Qgo Finance Receives 'Hold' Rating from MarketsMOJO After Positive Performance

Qgo Finance, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock is now rated as 'Hold' by the market experts.
The decision to upgrade the stock call is based on the company's positive performance in the last 10 consecutive quarters. Qgo Finance has shown a growth of 23.23% in its net sales for the half-year period, reaching Rs 7.85 crore. Its PBDIT (Profit Before Depreciation, Interest, and Taxes) for the quarter is at its highest at Rs 3.68 crore, while its PBT (Profit Before Tax) less OI (Other Income) is also at its highest at Rs 1.17 crore.

Technically, the stock is in a bullish range and has shown improvement from being mildly bullish on 12-Aug-24. The MACD (Moving Average Convergence Divergence) and KST (Know Sure Thing) technical factors are also bullish, indicating a positive trend for the stock.

With a ROE of 18.6, the stock is fairly valued with a price to book value of 2.7. However, it is currently trading at a premium compared to its average historical valuations. In the past year, the stock has generated a return of 36.71%, while its profits have increased by 76.6%. This gives the company a PEG (Price/Earnings to Growth) ratio of 0.2, which is considered to be undervalued.

The majority shareholders of Qgo Finance are its promoters, indicating their confidence in the company's growth potential. However, the company does have weak long-term fundamental strength with an average ROE of 7.99%.

Overall, with its positive performance and bullish technical indicators, Qgo Finance's stock is now rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the company's future performance to make informed decisions about their investments.