JMJ Fintech Receives 'Hold' Rating from MarketsMOJO After Positive Results and Technical Improvements

JMJ Fintech, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on March 14, 2024. This upgrade comes after the company reported positive results in December 2023, with its PAT (Q) reaching a record high of Rs 1.03 crore and PBDIT (Q) at Rs 1.49 crore. Additionally, the PBT LESS OI (Q) also saw a significant increase at Rs 1.25 crore.
Technically, the stock is currently in a Mildly Bullish range and has shown improvement from a Sideways trend on March 14, 2024. One key technical factor, the MACD, has been Bullish since the same date.

JMJ Fintech also has a Very Attractive valuation with a 1.8 Price to Book Value and is currently trading at a discount compared to its average historical valuations. In the past year, the stock has generated a return of 20.60%, while its profits have risen by 123%. This results in a low PEG ratio of 0.1, indicating potential for future growth.

The majority shareholders of JMJ Fintech are Non-Institutional investors. However, the company has weak long-term fundamental strength with an average Return on Equity (ROE) of 1.35%. Its growth has also been poor, with Net Sales growing at an annual rate of only 3.89%.

In the last year, JMJ Fintech has underperformed the market, generating a return of 20.60% compared to the market (BSE 500) returns of 37.91%. This may be a cause for concern for investors, but with the recent positive results and technical improvements, the 'Hold' rating from MarketsMOJO may provide some reassurance.