Qgo Finance Receives 'Hold' Stock Upgrade from MarketsMOJO Based on Positive Performance and Growth Potential

Qgo Finance, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on October 23, 2024.
The decision to hold the stock is based on the company's positive performance in the last 10 consecutive quarters. Qgo Finance has shown a growth of 22.93% in net sales for the last 9 months, with the highest PBDIT (Profit Before Depreciation, Interest, and Taxes) and PBT (Profit Before Tax) at Rs 3.68 crore and Rs 1.17 crore respectively.

Technically, the stock is in a mildly bullish range with its Bollinger Band and KST (Know Sure Thing) technical factors also showing a bullish trend. Additionally, with a return on equity (ROE) of 18.6%, the stock is currently trading at an attractive valuation with a price to book value of 2.7. However, it is trading at a premium compared to its average historical valuations.

In the past year, Qgo Finance has generated a return of 26.03%, while its profits have increased by 76.6%. This has resulted in a low PEG (Price/Earnings to Growth) ratio of 0.2, indicating a potential for future growth.

The majority shareholders of Qgo Finance are its promoters, which can be seen as a positive sign for the company's stability and growth. However, the company does have weak long-term fundamental strength with an average ROE of 11.20%.

Overall, with its positive performance and potential for future growth, Qgo Finance's stock has been upgraded to 'Hold' by MarketsMOJO. Investors may want to consider this stock for their portfolio, but it is important to keep an eye on its long-term fundamental strength.