Inani Securities Receives Upgraded Stock Call from MarketsMOJO Based on Positive Financial Results

Inani Securities, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on July 1st, 2024.
The upgrade is based on the company's positive financial results in the quarter ending March 2024. Inani Securities reported its highest PAT (profit after tax) of Rs 1.21 crore and EPS (earnings per share) of Rs 2.67 in this quarter.

Technically, the stock is in a mildly bullish range and its MACD and KST technical factors are also bullish. With a ROE (return on equity) of 7.2, the stock is currently trading at a very attractive valuation with a price to book value of 0.9. It is also trading at a discount compared to its average historical valuations.

In the past year, Inani Securities has generated a return of 84.69%, while its profits have risen by 87%. This gives the company a PEG (price/earnings to growth) ratio of 0.1. The majority shareholders of the company are its promoters.

In the long term, Inani Securities has shown market-beating performance. Along with its 84.69% return in the last year, the stock has also outperformed BSE 500 in the last 3 years, 1 year, and 3 months.

However, the company does have some weak long-term fundamental strength, with operating losses and poor growth in net sales at an annual rate of -4.12%. Despite this, the upgraded stock call from MarketsMOJO suggests that Inani Securities may still be a good investment option for those looking for a microcap finance company.