Brijlaxmi Leasing & Finance: A 'Hold' Stock with Strong Growth and Technical Indicators

Brijlaxmi Leasing & Finance, a microcap finance company, has recently caught the attention of investors with its upgraded stock call to 'Hold' by MarketsMOJO on May 7, 2024. The company operates in the finance/NBFC industry and has shown a technically bullish trend with improved technical indicators such as MACD, Bollinger Band, and KST.
One of the key factors contributing to the upgraded stock call is the company's attractive valuation with a price to book value of 2. This is further supported by the fact that the stock is currently trading at a discount compared to its historical valuations. Additionally, Brijlaxmi Leasing & Finance has shown a strong financial performance with a return on equity (ROE) of 35.9% and a profit growth of 105% in the past year, resulting in a market-beating return of 111.72%.

However, it is worth noting that the majority of the company's shareholders are non-institutional investors, which may pose a risk for long-term fundamental strength. The company's ROE has also been relatively flat in recent years, with average returns of 2.14%. In December 2023, the company reported flat results.

Overall, Brijlaxmi Leasing & Finance has shown promising growth and a technically bullish trend, making it a 'Hold' for investors. However, the company's long-term fundamental strength and shareholder composition should be closely monitored.