Ujjivan Financial Services: Strong fundamentals, bullish trend.

Ujjivan Financial Services, a midcap finance company, has recently been downgraded to a 'Hold' by MarketsMOJO on November 6, 2023. This decision was based on the company's strong long-term fundamental strength, with a 37.44% CAGR growth in operating profits. The company has also declared positive results for the last 7 consecutive quarters, with the highest net sales and PBDIT in the last quarter.
Technically, the stock is currently in a mildly bullish range, with multiple factors such as MACD, Bollinger Band, and KST indicating a bullish trend. Additionally, with a ROE of 22.9 and an attractive valuation of 1.9 price to book value, the stock is trading at a discount compared to its average historical valuations. Over the past year, the stock has generated a return of 87.91%, while its profits have risen by 84.8%. The PEG ratio of the company is also at a low 0.1, indicating a potential undervaluation.

Furthermore, Ujjivan Financial Services has a high institutional holding of 42.5%, which suggests that these investors have better capability and resources to analyze the fundamentals of the company compared to most retail investors. In terms of market performance, the stock has not only generated impressive returns in the long term but has also outperformed the BSE 500 in the last 3 years, 1 year, and 3 months.

Overall, while the stock has been downgraded to a 'Hold', it still shows promising signs of growth and has a strong track record of positive results. Investors may want to keep an eye on Ujjivan Financial Services as it continues to perform well in the finance/NBFC industry.