Step Two Corporation Receives 'Hold' Rating from MarketsMOJO, Shows Strong Performance and Potential for Growth.

Step Two Corporation, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on March 4th, 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 of which are the highest in the company's history.
The stock is currently in a bullish range and the technical trend has improved from mildly bullish to bullish on March 4th, 2024. This can be attributed to multiple factors such as MACD, KST, and DOW. With a ROE of 22.8, the stock is considered to have a fair valuation with a price to book value of 2.5. It is also trading at a fair value compared to its average historical valuations.

Over the past year, Step Two Corporation has generated a return of 132.60%, outperforming the BSE 500 index. Additionally, the company's profits have risen by 117%, resulting in a PEG ratio of 0. This indicates that the stock is undervalued and has potential for future growth.

The majority shareholders of Step Two Corporation are the promoters, indicating their confidence in the company's performance. The company has also shown consistent returns over the last 3 years, further solidifying its position in the market.

However, the company does have weak long-term fundamental strength with an average ROE of 3.49%. This is due to poor long-term growth as the operating profit has only grown at an annual rate of 8.73%. Despite this, the stock has still managed to outperform the market and generate significant returns for investors.

In conclusion, while Step Two Corporation may have some weaknesses in its long-term fundamentals, its recent positive results and bullish technical trend make it a 'Hold' for investors. With a fair valuation and potential for future growth, the stock is worth considering for those looking to invest in the finance/NBFC industry.