Step Two Corporation Receives Upgraded Stock Call from MarketsMOJO, Indicating Positive Results and Bullish Trend.

Step Two Corporation, a microcap company in the finance/NBFC industry, has recently received an upgraded stock call from MarketsMOJO. The stock has been upgraded to 'Hold' on 22nd March 2024.
The decision to upgrade the stock to 'Hold' is based on positive results in December 2023, with the company's PAT(Q) reaching its highest at Rs 0.60 crore and EPS(Q) at Rs 1.30. Additionally, the stock is currently in a bullish range and the technical trend has improved from mildly bullish on 22nd March 2024. Multiple factors such as MACD, Bollinger Band, KST, and DOW are also indicating a bullish trend for the stock.

With a ROE of 22.8, the stock is currently trading at a fair value with a price to book value of 2.7. This is in line with its average historical valuations. In the past year, the stock has generated a return of 155.09%, while its profits have risen by 117%. The PEG ratio of the company is 0, indicating a good value for investors.

The majority shareholders of Step Two Corporation are the promoters, which is a positive sign for investors. The company has also shown market-beating performance in the long term as well as the near term. Along with generating a return of 155.09% in the last year, the stock 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 3.49%. The operating profit has only grown at an annual rate of 8.73%, indicating poor long-term growth.

Overall, the upgraded stock call of 'Hold' for Step Two Corporation is based on its recent positive results and bullish technical indicators. While the company's long-term fundamental strength may be weak, it has shown strong market performance in the past year. Investors should carefully consider these factors before making any investment decisions.