Inani Securities Sees Revision in Stock Evaluation Amid Mixed Performance Indicators

Inani Securities, a microcap player in the finance and non-banking financial company (NBFC) sector, has recently experienced a revision in its stock evaluation by MarketsMOJO. The adjustment reflects the company's positive performance over the last three consecutive quarters, with notable increases in key financial metrics. The profit after tax for the first nine months reached Rs 1.42 crore, while the quarterly PBDIT peaked at Rs 0.15 crore.
Despite the stock's recent technical trend showing improvement, moving from a sideways position to a mildly bullish range, it has faced challenges over the past year. Inani Securities has generated a return of -13.68%, significantly underperforming the broader market, which saw returns of 14.55%.

The company's return on equity stands at 7.6, indicating an attractive valuation with a price-to-book ratio of 0.7. However, long-term fundamentals remain weak, with an average ROE of 2.15% and net sales growth at a modest annual rate of 1.68%. Inani Securities has been added to MarketsMOJO's list, reflecting its evolving market position amidst these mixed performance indicators.