MarketsMOJO Upgrades Maha Rashtra Apex Corporation to 'Buy' Rating, Strong Fundamentals and Growth Potential

Maha Rashtra Apex Corporation, a microcap finance company, has recently received a 'Buy' rating from MarketsMOJO. This upgrade is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 21.97%. The company has also shown healthy long-term growth, with an annual rate of 72.19% in operating profit.
In terms of financial performance, Maha Rashtra Apex Corporation has achieved its highest net sales and PBDIT (Profit Before Depreciation, Interest, and Taxes) in the last quarter, at Rs 6.88 crore and Rs 5.63 crore respectively. The company's operating profit to net sales ratio is also at its highest at 81.83%.

From a technical standpoint, the stock is currently in a bullish range and has shown improvement since 14th June 2024. Multiple factors, such as MACD, Bollinger Band, KST, and OBV, indicate a bullish trend for the stock.

Moreover, with a ROE of 74.7, the stock is currently trading at a very attractive valuation with a price to book value of 0.5. This is a discount compared to its average historical valuations. In the past year, the stock has generated a return of 35.31%, while its profits have increased by a staggering 15982.7%.

It is worth noting that the majority shareholders of Maha Rashtra Apex Corporation are its promoters, which further adds to the company's stability and potential for growth. With all these positive factors in place, it is no surprise that MarketsMOJO has upgraded its rating for Maha Rashtra Apex Corporation to 'Buy'. Investors can consider this stock for long-term investment opportunities.