TCI Finance Receives 'Hold' Rating from MarketsMOJO, Stock Shows Bullish Trend and 16.65% Return

TCI Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on September 26, 2024. This upgrade comes as the stock has shown a bullish trend and has generated a return of 16.65% since September 18, 2024. The technical indicators such as MACD, Bollinger Band, and KST are also showing a bullish trend for the stock.
Despite having a return on equity of 0.9, the stock is currently trading at a fair value compared to its historical valuations. In the past year, the stock has generated a return of 411.07%, while its profits have increased by 81%. However, the majority of the shareholders are non-institutional investors.

The stock has outperformed the market (BSE 500) with a return of 411.07% in the last year, compared to the market's return of 41.08%. However, the company's long-term fundamental strength is weak with a negative book value and poor growth in net sales and operating profit.

In the latest quarter, the company's results were flat with PBDIT(Q) at Rs -0.46 crore, PBT LESS OI(Q) at Rs -0.46 crore, and EPS(Q) at Rs -0.39. This indicates a lack of growth and profitability in the short term. Overall, TCI Finance's stock is currently a 'Hold' based on its technical indicators and fair valuation, but its weak long-term fundamentals should be considered by investors.