R S Software (India) Shows Strong Growth and Positive Technical Indicators, Attracting Investor Attention

R S Software (India) is a microcap IT software company that has recently caught the attention of investors. The company's stock has been upgraded to a 'Hold' by MarketsMOJO on September 9, 2024.
The company has shown positive results in the last six consecutive quarters, with a growth in net sales of 2.85% in June 2024. Its PAT (HY) has also seen a significant increase of 348.03%, while its operating CF (Y) is at its highest at Rs 12.21 crore. The company's ROCE (HY) is also at its highest at 41.46%.

Technically, the stock is in a bullish range and has shown improvement from mildly bullish on September 9, 2024. The MACD and KST technical factors are also bullish, indicating a positive trend for the stock.

In the long term, the company has outperformed the BSE 500 and has generated a return of 456.21% in the last year. However, its long term fundamental strength is weak with an average ROE of 0% and a negative growth rate in net sales over the last 5 years.

The company's valuation is also considered to be very expensive with a price to book value of 14.2. However, it is currently trading at a discount compared to its historical valuations. The PEG ratio of the company is 0, indicating that its profits have risen significantly in the past year.

Despite being a microcap company, domestic mutual funds hold only 0.02% of the company, which could suggest that they are not comfortable with the current price or the business. However, the company has the potential for growth and could be a good investment opportunity for those looking for a long-term investment.