InfoBeans Technologies Downgraded to 'Sell' by MarketsMOJO, Stock Underperforms Market with Negative Returns.
InfoBeans Technologies, a smallcap IT software company, has recently been downgraded to a 'Sell' by MarketsMOJO on September 9, 2024. This downgrade is due to the stock being in a Mildly Bearish range and the technical trend deteriorating from Mildly Bullish on September 9, 2024. Since then, the stock has generated a negative return of -3.12%. Another key technical factor, the Bollinger Band, has been Bearish since September 9, 2024.The company's ROE (Return on Equity) is at 7.6, which indicates a Very Expensive valuation with a 3.5 Price to Book Value. This means that the stock is trading at a premium compared to its average historical valuations. Additionally, while the stock has generated a negative return of -9.65% in the past year, its profits have also fallen by -3.7%.
One interesting factor to note is that despite being a smallcap company, domestic mutual funds hold only 0% of the company. This could signify that either they are not comfortable with the current price or they have not done in-depth research on the company.
In the last year, the stock has underperformed the market (BSE 500) by generating negative returns of -9.65%, while the market has generated returns of 33.83%. This shows a significant underperformance by the stock.
On a positive note, the company has a low Debt to Equity ratio (avg) at 0.01 times. In addition, the company's results in June 2024 have shown growth in PBT LESS OI(Q) at Rs 8.28 crore, which has grown by 167.96%, and PAT(Q) at Rs 7.75 crore, which has grown by 124.0%. The company also has the highest OPERATING PROFIT TO INTEREST(Q) at 24.05 times.
Overall, the downgrade to 'Sell' by MarketsMOJO and the negative technical trend, along with the expensive valuation and underperformance in the market, make InfoBeans Technologies a stock to watch out for. However, the company's low Debt to Equity ratio and positive results in June 2024 could be potential factors to consider.
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