Regis Industries Receives 'Hold' Rating from MarketsMOJO After Positive Results and Bullish Trend

Regis Industries, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO on September 30, 2024. This upgrade comes after the company reported positive results in June 2024, with higher net sales of Rs 13.99 crore.
The stock is currently in a bullish range, with its technical trend improving from mildly bullish to bullish on September 30, 2024. This can be attributed to multiple factors such as Bollinger Band, KST, DOW, and OBV.

The majority shareholders of Regis Industries are non-institutional investors, indicating a strong interest in the company from retail investors. Additionally, the stock has consistently outperformed the BSE 500 index in the last three annual periods, with a return of 52.97% in the last year alone.

However, the company's long-term fundamental strength is weak, with operating losses and poor growth in operating profit at an annual rate of -6.40%. Furthermore, with a ROE of -4.6, the stock is currently trading at a very expensive valuation with a price to book value of 9.9. This is significantly higher than its average historical valuations.

Despite the stock's impressive return in the past year, its profits have declined by -97%, indicating a potential risk for investors. Therefore, MarketsMOJO has upgraded the stock to a 'Hold' rating, suggesting a neutral stance for investors.