Supra Pacific Management Consultancy receives 'Hold' rating after consistent positive results

Supra Pacific Management Consultancy, a microcap company in the finance/NBFC industry, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company has consistently shown positive results for the past 5 quarters.
In the half-yearly results, the company's net sales have grown by an impressive 113.01% to reach Rs 13.10 crore. Its PBDIT (profit before depreciation, interest, and taxes) for the quarter is at its highest at Rs 3.88 crore, while its PBT (profit before tax) less OI (other income) is also at its highest at Rs 0.65 crore.

Technically, the stock is currently in a bullish range and has shown improvement since May 6, 2024, generating a return of 3.01%. Multiple factors, such as MACD, Bollinger Band, and KST, indicate a bullish trend for the stock.

The majority of the company's shareholders are non-institutional investors. However, the company's long-term fundamental strength is weak, with an average ROE of 3.20%. Its current ROE of 2 is considered very expensive, with a price to book value of 3.9. The stock is currently trading at a premium compared to its historical valuations.

Despite this, the stock has generated a return of 40.55% in the past year, while its profits have increased by 25%. With the recent 'Hold' rating from MarketsMOJO, investors may want to keep an eye on Supra Pacific Management Consultancy and its future performance.