WSFX Global Pay Receives 'Hold' Rating from MarketsMOJO, Shows Strong Growth and Bullish Trends.

WSFX Global Pay, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes as the company has consistently shown positive results for the last 10 quarters, with a significant growth in PAT (HY) at Rs 2.03 crore, which has increased by 238.33%, and NET SALES (HY) at Rs 36.87 crore, which has grown by 48.49%.
The stock is currently in a bullish range, with technical trends improving from mildly bullish on 18-Sep-24. Multiple factors such as MACD, Bollinger Band, KST, and OBV are also indicating a bullish trend for the stock.

The majority shareholders of WSFX Global Pay are its promoters, which adds to the company's stability and potential for growth. Additionally, the stock has consistently outperformed BSE 500 in the last 3 annual periods, with a return of 161.40% in the last year alone.

However, the company's long-term fundamental strength is weak, with an average Return on Equity (ROE) of 2.06%. The net sales growth rate has also been relatively low at 23.74%. Furthermore, with an ROE of 15.5, the stock is currently trading at an expensive valuation with a 4.8 Price to Book Value. However, it is still trading at a discount compared to its average historical valuations.

Despite the recent surge in stock price and profits, the PEG ratio of the company is 0.2, indicating that it is still undervalued. Overall, while WSFX Global Pay shows potential for growth, investors should carefully consider the company's long-term fundamentals before making any investment decisions.