Supra Pacific Management Consultancy Receives 'Hold' Rating After Strong Performance in Last 5 Quarters

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's positive performance in the last 5 consecutive quarters, with a growth of 113.01% in net sales and the highest PBDIT and PBT LESS OI in the last quarter.
The stock is currently in a bullish range and its technical trend has improved from mildly bullish to bullish on 27-Feb-24. This is supported by multiple factors such as MACD, Bollinger Band, and KST. In the past year, the stock has outperformed the market (BSE 500) with a return of 54.97%, compared to the market's 38.66% return.

However, despite its strong performance, the company's long-term fundamental strength is weak with an average ROE of 3.20%. Its valuation is also considered very expensive with a price to book value of 2.6, trading at a premium compared to its historical valuations. Additionally, while the stock has generated a high return, its profits have only risen by 25%, resulting in a PEG ratio of 2.2.

Overall, while Supra Pacific Management Consultancy has shown positive growth and market-beating performance, its weak long-term fundamentals and expensive valuation suggest a 'Hold' rating for now. Investors should keep an eye on the company's future performance and fundamental strength before making any investment decisions.