Qgo Finance Receives 'Hold' Stock Upgrade from MarketsMOJO Based on Strong Financial Performance.

Qgo Finance, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' as of September 30, 2024.
The decision to upgrade the stock to 'Hold' is based on the company's positive financial performance in the last 10 consecutive quarters. Qgo Finance has shown a growth of 23.23% in its net sales for the half year, 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 mildly bullish range and a key technical factor, KST (Know Sure Thing), has been bullish since September 25, 2024. 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 2.6. It is also trading at a fair value compared to its average historical valuations.

In the past year, Qgo Finance has generated a return of 24.29%, while its profits have increased by 76.6%. This gives the company a PEG (Price/Earnings to Growth) ratio of 0.2, indicating a potential undervaluation.

The majority shareholders of Qgo Finance are its promoters, which can be seen as a positive sign for investors. However, the company has weak long-term fundamental strength with an average ROE of 7.99%. It has also underperformed the market in the last year, with a return of 24.29% compared to the market's return of 39.48%.

Overall, with its positive financial performance and fair valuation, Qgo Finance's stock has been upgraded to 'Hold' by MarketsMOJO. However, investors should also consider the company's weak long-term fundamentals and underperformance in the market before making any investment decisions.