Tejnaksh Healthcare Receives 'Hold' Rating from MarketsMOJO After Positive Results in June 2024

Tejnaksh Healthcare, a microcap company in the hospital and healthcare services industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company reported positive results in June 2024, with a high debtors turnover ratio of 23.42 times and a PAT of Rs 0.60 crore.
Technically, the stock is currently in a mildly bullish range and has shown improvement from a mildly bearish trend on 10th October 2024. One key technical factor, the Bollinger Band, has been bullish since the same date.

At a ROE of 7.6, Tejnaksh Healthcare is currently trading at a very attractive valuation with a price to book value of 2.1. It is also trading at a discount compared to its average historical valuations. Despite generating a negative return of -22.73% in the past year, the company's profits have increased by 73.4%, resulting in a low PEG ratio of 0.3.

The majority shareholders of Tejnaksh Healthcare are the promoters, indicating their confidence in the company's future prospects. However, the company has weak long-term fundamental strength with a -2.60% CAGR growth in operating profits over the last 5 years.

In the past year, Tejnaksh Healthcare has underperformed the market (BSE 500) which has generated returns of 35.66%. This microcap company has generated negative returns of -22.73%, highlighting the need for caution when considering investing in this stock.