Step Two Corporation Receives 'Hold' Rating from MarketsMOJO, Positive Results Reported

Step Two Corporation, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on May 9, 2024. This upgrade comes after the company reported positive results in December 2023, with a PAT(Q) of Rs 0.60 crore and EPS(Q) of Rs 1.30, both being the highest in recent quarters.
The stock is currently in a bullish range, with technical trends showing improvement from mildly bullish on May 9, 2024. Multiple factors such as MACD, Bollinger Band, and KST are also indicating a bullish outlook for the stock.

At a price to book value of 2.9, the stock is trading at a fair value compared to its historical valuations. In the past year, the stock has generated a return of 183.84%, while its profits have risen by 117%. This results in a PEG ratio of 0, indicating a fair valuation for the company.

The majority shareholders of Step Two Corporation are the promoters, which can be seen as a positive sign for investors. The company has also shown consistent returns over the last 3 years, outperforming the BSE 500 index in each of the last 3 annual periods.

However, the company's long-term fundamental strength is weak, with an average ROE of 3.49%. The operating profit has only grown at an annual rate of 8.73%, indicating poor long-term growth prospects.

Overall, while the recent results and technical trends may be positive for Step Two Corporation, investors should consider the weak long-term fundamentals before making any investment decisions.