MarketsMOJO Upgrades Arunis Abode to 'Hold' Based on Technical Indicators and Valuation

MarketsMOJO has recently upgraded its stock call on Arunis Abode to 'Hold' based on technical indicators and attractive valuation. The stock has been in a bullish range and has shown a significant improvement in its technical trend since May 9, 2024, generating a return of 10.23%. The company's ROE of 16.9 and price to book value of 2.6 make it a very attractive investment option. Additionally, the stock is currently trading at a discount compared to its historical valuations.
In the past year, Arunis Abode has outperformed the market with a return of 99.03%, while its profits have also seen a significant increase of 76%. This is reflected in the company's low PEG ratio of 0.1. The majority shareholders of the company are its promoters, indicating their confidence in the company's performance.

However, the company's long-term fundamental strength is weak with an average ROE of 3.43%. Its operating profit has also shown a negative growth rate of -5.84% annually. The company's results in December 2023 were flat, indicating a need for improvement in its long-term growth.

Overall, MarketsMOJO's upgraded 'Hold' call on Arunis Abode is based on its strong technical indicators and attractive valuation. While the company has shown a strong performance in the past year, its long-term growth needs to be monitored closely. Investors should consider all factors before making any investment decisions.