Vasudhagama Enterprises Receives 'Hold' Rating from MarketsMOJO After Strong Performance

Vasudhagama Enterprises, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on July 9, 2024. This upgrade comes as the company has shown positive results for the last four consecutive quarters, with its PBDIT(Q) reaching a high of Rs 0.46 crore, PBT LESS OI(Q) at Rs 0.41 crore, and PAT(Q) at Rs 0.30 crore.
The stock is currently in a bullish range, with its technical trend improving from mildly bullish on July 9, 2024. Multiple factors, such as MACD, Bollinger Band, and KST, also indicate a bullish outlook for the stock.

Majority shareholders of Vasudhagama Enterprises are non-institutional investors, and the company has shown market-beating performance in both the long and near term. In the last year, the stock has generated a return of 321.85%, outperforming the BSE 500 index.

However, with a ROE of 3.8, the stock is currently trading at a very expensive valuation with a 1.2 price to book value. This is higher than its average historical valuations. Additionally, while the stock has shown impressive returns in the past year, its profits have declined by 0%.

Overall, Vasudhagama Enterprises has shown promising results in the past year and has received a 'Hold' rating from MarketsMOJO. However, investors should carefully consider the company's valuation and profitability before making any investment decisions.