Upsurge Investment & Finance Receives 'Hold' Rating from MarketsMOJO, Shows Strong Long-Term Growth

Upsurge Investment & Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on November 4, 2024. This downgrade is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 16.28%. The company has also shown healthy long-term growth, with an annual growth rate of 39.61% in operating profit.
In the latest quarter, the company declared very positive results, with a growth in operating profit of 72.97%. This trend has been consistent for the last three consecutive quarters, with PBT LESS OI(Q) growing at 72.6%, NET SALES(Q) growing at 34.2%, and PBDIT(Q) reaching its highest at Rs 5.76 cr.

Technically, the stock is in a mildly bullish range, with both MACD and KST technical factors showing a bullish trend. The majority shareholders of the company are the promoters, indicating their confidence in the company's performance.

Upsurge Investment & Finance has also shown market-beating performance in the long term, as well as the near term. In the last year, the stock has generated a return of 351.08%, outperforming BSE 500. Additionally, with an ROE of 25.9, the stock has a very expensive valuation with a 6.9 Price to Book Value. However, it is currently trading at a discount compared to its average historical valuations.

Moreover, in the past year, while the stock has generated a return of 351.08%, its profits have risen by 542.7%. This indicates a PEG ratio of 0.1, which is considered to be undervalued. Overall, Upsurge Investment & Finance has shown strong performance and potential for growth, making it a 'Hold' for now.