MAS Financial Services Upgraded to 'Hold' Rating by MarketsMOJO

MAS Financial Services, a midcap finance company, has recently been upgraded to a 'Hold' rating by MarketsMOJO. This decision is based on the company's strong long-term fundamental strength, with an average Return on Equity (ROE) of 14.19%. In addition, the company has declared positive results for the last 11 consecutive quarters, with its highest net sales, PBDIT, and PBT LESS OI in the last quarter.
While the technical trend for the stock is currently sideways, it has improved from mildly bearish and has generated a return of 1.03% since the upgrade on July 8, 2024. With a ROE of 14.1, the stock is considered to have a fair valuation with a 3 price to book value. However, it is currently trading at a premium compared to its average historical valuations.

In the past year, MAS Financial Services has generated a return of 20.04%, which is lower than the market (BSE 500) returns of 37.98%. Despite this underperformance, the company's profits have risen by 23.5% and its PEG ratio is 1.7. It is worth noting that the majority shareholders of the company are its promoters.

Overall, while MAS Financial Services may not have performed as well as the market in the past year, it has a strong long-term fundamental strength and a fair valuation. Investors may want to consider holding onto their shares for now, as the company continues to show positive results and a stable technical trend.