SRG Housing Finance Receives 'Hold' Rating, Shows Strong Fundamentals and Bullish Trend

SRG Housing Finance, a microcap company in the finance-housing industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 17.60%.
In the past four quarters, SRG Housing Finance has declared positive results, with significant growth in net sales, PBT less OI, and PAT. This has contributed to the stock's bullish trend, which has improved from mildly bullish to bullish on 13-Sep-24. Multiple technical factors, such as MACD, Bollinger Band, KST, and DOW, also support the stock's bullish outlook.

Not only has SRG Housing Finance outperformed the BSE 500 in the last 3 years, 1 year, and 3 months, but it has also generated a return of 51.79% in the last year. However, with a ROE of 14.1, the stock is currently trading at a premium compared to its historical valuations. The PEG ratio of the company is 1, indicating that the stock may be slightly overvalued.

It is worth noting that despite its small size, domestic mutual funds hold only 0% of the company. This could suggest that they are either not comfortable with the current price or have not conducted in-depth research on the company.

Overall, SRG Housing Finance shows promise with its strong fundamentals and bullish trend, but investors should carefully consider the stock's valuation before making any investment decisions.