Regency Trust Receives 'Hold' Rating from MarketsMOJO, Shows Bullish Trend and Attractive Valuation

Regency Trust, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on September 26, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 2.15% since September 11, 2024. The technical indicators such as MACD, Bollinger Band, and KST also suggest a bullish outlook for the stock.
Despite its attractive valuation with a price to book value of -4.3 and a return on equity of 2%, Regency Trust is currently trading at a discount compared to its historical valuations. In the past year, the stock has generated a return of 153.25%, while its profits have increased by 52%. However, the majority shareholders of the company are non-institutional investors.

Regency Trust has also shown a market-beating performance in the long term, outperforming the BSE 500 index in the last 3 years, 1 year, and 3 months. However, the company's weak long-term fundamental strength is reflected in its negative book value and poor growth in net sales and operating profit.

The company's financial results for June 2024 also showed flat performance, with its cash and cash equivalents at the lowest of Rs 0.01 crore and PBDIT and PBT less OI at the lowest of Rs -0.12 crore. Despite these challenges, Regency Trust remains a hold for now, with potential for improvement in the future.