Ujjivan Financial Services Receives 'Buy' Rating from MarketsMOJO, Strong Fundamentals and Impressive Growth Indicate Promising Future
Ujjivan Financial Services, a leading NBFC in the midcap industry, has received a 'Buy' rating from MarketsMojo on January 16, 2024. The company has shown strong long-term fundamental strength with a 37.44% CAGR growth in operating profits and consistent positive results for the past 7 quarters. Its stock is currently in a bullish range and trading at an attractive valuation, making it a promising investment opportunity.
Ujjivan Financial Services, a leading finance and non-banking financial company (NBFC) in the midcap industry, has recently received a 'Buy' rating from MarketsMOJO on January 16, 2024.This upgrade is based on the company's strong long-term fundamental strength, with a remarkable 37.44% CAGR growth in operating profits. This indicates a healthy and sustainable growth trajectory for the company.
In addition, Ujjivan Financial Services has consistently delivered positive results for the past 7 quarters, with its net sales reaching a record high of Rs 1,496.22 crore and PBDIT at Rs 965.96 crore. This showcases the company's strong financial performance and stability.
From a technical standpoint, the stock is currently in a bullish range and has shown significant improvement since January 16, 2024. Multiple indicators such as MACD, Bollinger Band, KST, and OBV also suggest a bullish trend for the stock.
Moreover, with a ROE of 22.9 and a price to book value of 2, the stock is currently trading at an attractive valuation. It is also trading at a discount compared to its historical average, making it a good investment opportunity.
In the past year, Ujjivan Financial Services has generated a return of 125.93%, outperforming the market (BSE 500) returns of 28.61%. This impressive performance is further supported by the company's profits rising by 84.8%, resulting in a PEG ratio of 0.1.
Additionally, the stock has a high institutional holding of 42.5%, indicating that these investors have better capabilities and resources to analyze the company's fundamentals compared to retail investors.
In conclusion, Ujjivan Financial Services is a strong and promising company in the finance and NBFC industry, with a positive outlook for its future growth and performance. With its attractive valuation, market-beating performance, and high institutional holdings, it is a stock worth considering for investment.
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