Supra Pacific Management Consultancy Receives 'Hold' Rating After Consistent Positive Results

Supra Pacific Management Consultancy, a microcap finance company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade comes after the company has consistently shown positive results for the past 6 quarters. In the last half year, the company's net sales have grown by an impressive 113.65%, with PBDIT reaching its highest at Rs 4.24 crore and PAT at Rs 0.46 crore.
The stock is currently in a bullish range and its technical trend has improved from mildly bullish to bullish on July 9, 2024. This is supported by multiple factors such as MACD, Bollinger Band, KST, and OBV. The majority shareholders of the company are non-institutional investors.

In terms of performance, Supra Pacific Management Consultancy has outperformed the market (BSE 500) with a return of 62.11% in the last year, compared to the market's 38.60% return. However, the company's long-term fundamental strength is weak with an average ROE of 3.20%. Its current ROE of 1.3 indicates a very expensive valuation with a price to book value of 1.6, which is higher than its historical average.

Despite its strong performance in the past year, the company's profits have only risen by 42%, resulting in a high PEG ratio of 6.2. This suggests that the stock may be trading at a premium compared to its actual value. Investors are advised to hold onto their positions in Supra Pacific Management Consultancy and monitor its performance closely.