Vibrant Global Capital's Stock Upgraded to 'Hold' After Positive Results and Bullish Indicators

Vibrant Global Capital, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on 18th March 2024. This upgrade comes as the company has declared positive results for the last three consecutive quarters.
In the last quarter, Vibrant Global Capital has shown significant growth in its net sales, which have increased by 50.78% to Rs 57.66 crore. The company's PBT less OI has also grown by 56.61% to Rs 13.03 crore, while its PAT has increased by 51.7% to Rs 10.62 crore. These positive results have contributed to the company's improved technical trend, which has shifted from sideways to mildly bullish.

Furthermore, multiple technical indicators, such as MACD, Bollinger Band, and KST, are showing bullish signals for the stock. With an ROE of 31.5 and a price to book value of 1.3, the stock is currently trading at an attractive valuation. It is also trading at a fair value compared to its historical valuations.

In the past year, Vibrant Global Capital's stock has outperformed the market (BSE 500) with a return of 65.47%. This is significantly higher than the market's return of 36.79%. The company's profits have also seen a remarkable increase of 699%, resulting in a PEG ratio of 0.

The majority shareholders of Vibrant Global Capital are its promoters, indicating their confidence in the company's growth potential. However, the company's long-term fundamental strength is weak, with a CAGR growth of only 12.60% in net sales.

Overall, Vibrant Global Capital's stock is currently a 'Hold' based on its recent positive results and technical indicators. Investors should keep an eye on the company's long-term growth potential and fundamental strength before making any investment decisions.