Brijlaxmi Leasing & Finance: A Promising Stock with Strong Growth Potential

Brijlaxmi Leasing & Finance, a microcap finance company, has recently caught the attention of investors with its upgraded stock call to 'Hold' by MarketsMOJO on April 15, 2024. The company, which operates in the finance/NBFC industry, has shown a technically bullish trend with multiple factors supporting its growth.
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 significant increase in profits by 105% in the past year.

Moreover, the majority shareholders of the company are non-institutional investors, indicating a positive sentiment towards the stock. Brijlaxmi Leasing & Finance has also outperformed the BSE 500 index in the last 3 years, 1 year, and 3 months, showcasing its market-beating performance in the long term as well as the near term.

However, it is important to note that the company has shown weak long-term fundamental strength with an average ROE of 2.14%. This is further reflected in its flat results in December 2023. Despite this, the company's overall performance and growth potential make it a promising stock to hold in one's portfolio.