Shalibhadra Finance Adjusts Evaluation Amid Mixed Technical Indicators and Positive Profit Growth

Shalibhadra Finance, a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an adjustment in its evaluation. This revision reflects a shift in technical trends, moving from a bearish outlook to a mildly bearish stance.
The technical indicators present a mixed picture; the MACD shows mildly bullish signals on a weekly basis, while the monthly perspective leans towards a mildly bearish trend. The Relative Strength Index (RSI) remains neutral for both weekly and monthly assessments. Additionally, Bollinger Bands and Dow Theory indicate a mildly bearish trend across both time frames.

Despite these technical adjustments, Shalibhadra Finance has reported positive financial performance in its latest quarter, with a notable growth in profit after tax (PAT) of 34.4%. However, the company has faced challenges in long-term growth, evidenced by a modest annual net sales growth rate of 9.41%.

Institutional investors have shown increased participation, raising their stake by 1.89% in the last quarter, which may reflect a growing interest in the company's fundamentals.

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