Upsurge Investment & Finance Receives 'Hold' Rating, Shows Strong Growth and Promising Potential

Nov 13 2024 06:52 PM IST
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Upsurge Investment & Finance, a microcap finance company, has received a 'Hold' rating from MarketsMojo due to its strong long-term fundamentals and consistent positive results. The company has shown an average ROE of 16.28% and an annual operating profit growth rate of 53.76%. Its stock is currently in a bullish range and has outperformed the market in the last year. Despite trading at a premium, the company's profits have risen significantly, indicating potential for future growth.
Upsurge Investment & Finance, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO on November 13, 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 operating profit growth rate of 53.76%.

In addition, Upsurge Investment & Finance has declared outstanding results for the quarter ending September 2024, with a growth in net profit of 109.13%. This positive trend has been consistent for the last four consecutive quarters, with the company's cash and cash equivalents at a high of Rs 24.63 crore and net sales at Rs 39.40 crore.

From a technical standpoint, the stock is currently in a bullish range and has shown improvement since November 12, 2024, generating a return of -2%. Multiple factors, such as MACD, Bollinger Band, and KST, indicate a bullish trend for the stock.

The majority shareholders of Upsurge Investment & Finance are the promoters, who have been driving the company's market-beating performance in both the long and near term. In the last year, the stock has generated a return of 354.34%, outperforming the BSE 500 index. Additionally, the company's ROE of 18.6 indicates an expensive valuation with a 3.4 price to book value.

It is worth noting that the stock is currently trading at a premium compared to its average historical valuations. However, despite this, the company's profits have risen by 706.3% in the past year, resulting in a PEG ratio of 0. This suggests that the stock may still have potential for growth in the future.

Overall, while the stock has been downgraded to a 'Hold' by MarketsMOJO, Upsurge Investment & Finance has shown strong fundamental strength and consistent positive results, making it a promising player in the finance/NBFC industry. Investors may want to keep an eye on this microcap company for potential future growth opportunities.
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Our weekly and monthly stock recommendations are here
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