TCFC Finance Receives 'Hold' Rating from MarketsMOJO, Shows Strong Growth in Profits and Sales

TCFC Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has shown positive results for the last five consecutive quarters. In the half-yearly results, the company's profits have grown by an impressive 84.19% and its net sales have also seen a significant increase of 58.90%.
The stock is currently in a bullish range and its technical trend has improved from mildly bullish to bullish on 29-Aug-24. This is supported by factors such as MACD, Bollinger Band, and KST. With a return on equity (ROE) of 11, the stock is fairly valued with a price to book value of 0.7. It is also trading at a fair value compared to its historical valuations.

In the past year, TCFC Finance has generated a return of 110.41%, outperforming the BSE 500 index. Its profits have also seen a significant increase of 108.8%, resulting in a low PEG ratio of 0.1. The majority shareholders of the company are its promoters, indicating their confidence in the company's performance.

However, the company's long-term fundamental strength is weak with an average ROE of 5.33%. Its net sales have only grown at an annual rate of 18.04% and its operating profit has seen a decline of -28.69%. Despite this, TCFC Finance has still managed to beat the market in the long term as well as the near term.

Overall, with its recent positive results and bullish trend, TCFC Finance is a stock to watch out for. However, investors should also consider the company's weak long-term fundamentals before making any investment decisions.