Purshottam Investofin Receives Upgraded Stock Call from MarketsMOJO, Shows Impressive Growth in Profits and Technical Indicators

Purshottam Investofin, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on 2024-08-08 due to its positive performance in the last 4 consecutive quarters.
The company has shown impressive growth in its profits, with a PAT (HY) of Rs 3.82 crore, which has grown at a staggering rate of 932.43%. Its NET SALES (Q) have also reached a record high of Rs 26.96 crore. This positive trend has contributed to the stock's technical indicators showing a mildly bullish range, with both the MACD and KST factors being bullish.

Moreover, Purshottam Investofin has an attractive valuation with a ROE of 26.5 and a price to book value of 0.7. The stock is currently trading at a fair value compared to its historical valuations. In the past year, the stock has generated a return of 246.23%, while its profits have increased by 1002%.

The majority shareholders of the company are non-institutional investors, indicating a strong market performance in the long term as well as the near term. In addition to its impressive returns in the last year, Purshottam Investofin has also outperformed BSE 500 in the last 3 years, 1 year, and 3 months.

However, the company's long term fundamental strength is weak, with an average ROE of 3.35%. Its net sales have also shown poor growth, with an annual rate of only 30.38%. Despite this, the recent positive performance and upgraded stock call make Purshottam Investofin a stock to watch in the finance/NBFC industry.