Step Two Corporation Receives 'Hold' Rating from MarketsMOJO, Showing Strong Short-Term Performance

Step Two Corporation, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on February 21, 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 February 21, 2024. The MACD and KST technical factors also indicate a bullish trend. With a ROE of 22.8, the stock is fairly valued with a price to book value of 2.7. It is currently trading at a fair value compared to its average historical valuations.

The company's majority shareholders are its promoters, indicating their confidence in the company's performance. Step Two Corporation has consistently generated strong returns over the past 3 years, outperforming the BSE 500 index. In the last year alone, the stock has generated a return of 120.53%, while its profits have increased by 117%. The PEG ratio of the company is 0, indicating a good balance between price and earnings growth.

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

Overall, the 'Hold' rating from MarketsMOJO suggests that investors should hold onto their current positions in Step Two Corporation. While the company has shown strong performance in the short term, its long-term growth potential may be limited. Investors should carefully consider their options before making any investment decisions.