Objectone Information Systems Receives 'Hold' Rating, Shows Bullish Trend and Strong Potential.

Objectone Information Systems, a microcap IT software company, has recently received a 'Hold' rating from MarketsMOJO. The stock has shown a bullish trend and has improved technically from sideways on December 12, 2023. Multiple factors such as MACD, Bollinger Band, KST, and OBV have contributed to this positive trend.
The company's ROE of 11.9 and attractive valuation with a 1.4 price to book value make it a promising investment option. In the past year, the stock has generated a return of 28.26%, while its profits have increased by 56%. This is reflected in the company's low PEG ratio of 0.2.

Non-institutional shareholders hold the majority of the company's shares, indicating a strong belief in its potential. Objectone Information Systems has consistently outperformed the BSE 500 index in the last three years, showcasing its strong performance.

However, the company's long-term fundamental strength is weak, with an average ROE of 5.75%. Its ability to service debt is also a concern, with a poor EBIT to interest ratio of 1.30. In the last quarter of 2023, the company's net sales were at its lowest, standing at Rs 9.20 crore.

Despite these challenges, Objectone Information Systems has shown promising growth and potential in the IT software industry. With a 'Hold' rating from MarketsMOJO, it is a stock worth considering for investors looking for a microcap option in the IT sector.