Banas Finance Upgraded to 'Hold' by MarketsMOJO, Shows Strong Growth and Attractive Valuation

Banas Finance, a microcap finance company, has recently caught the attention of investors as its stock call has been upgraded to 'Hold' by MarketsMOJO on February 20, 2024. This upgrade comes as the company has declared positive results for the last three consecutive quarters, with a higher PAT (HY) of Rs 12.48 crore and a growth of 29.6% in net sales (Q).
Technically, the stock is currently in a mildly bullish range, with the trend improving from sideways on February 20, 2024. The key technical factor, RSI, has also been bullish since the same date.

In terms of valuation, Banas Finance has a very attractive ROE of 28.2 and a price to book value of 0.5. This indicates that the stock is trading at a discount compared to its average historical valuations. Additionally, over the past year, the stock has generated a return of 27.60%, while its profits have risen by 146.6%. The PEG ratio of the company is also at a favorable 0.

It is worth noting that the majority shareholders of Banas Finance are non-institutional investors. However, the company does have a weak long-term fundamental strength due to operating losses.

Overall, with its positive financial results and attractive valuation, Banas Finance seems to be a promising stock to hold in the finance/NBFC industry. Investors should keep an eye on the company's future performance to make informed decisions.