Roselabs Finance receives 'Hold' rating from MarketsMOJO, shows bullish trend and potential for growth

Roselabs Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on November 28, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 2.2% since November 14, 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 -7.7 and a return on equity of 2.8, the company's profits have fallen by -106% in the past year. The majority shareholders of Roselabs Finance are its promoters, indicating their confidence in the company's performance.

The stock has outperformed the market (BSE 500) with a return of 66.67% in the last year. 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.

In the latest quarter, the company's results have been flat with PBDIT(Q) at Rs -0.11 cr, PBT LESS OI(Q) at Rs -0.10 cr, and EPS(Q) at Rs -0.09. This indicates a need for improvement in the company's financial performance.

Overall, while the stock shows potential for growth, it is currently recommended to be held in the portfolio. Investors should keep an eye on the company's financial performance in the upcoming quarters to make informed decisions.