InfoBeans Technologies Receives 'Hold' Rating from MarketsMOJO, Reports Strong Financial Results

InfoBeans Technologies, a smallcap IT software company, has recently received a 'Hold' rating from MarketsMOJO on November 11, 2024. This upgrade is based on the company's low Debt to Equity ratio of 0.01 times and positive financial results for the last three consecutive quarters.
In the latest quarter, the company reported its highest net sales of Rs 98.27 crore and PBDIT of Rs 19.09 crore. The operating profit to net sales ratio was also at its highest at 19.43%. Additionally, the stock is currently in a mildly bullish range and has shown improvement in its technical trend since November 5, 2024, generating a return of -3.11%.

One key technical factor, the On-Balance Volume (OBV), has also been mildly bullish since November 5, 2024. With a return on equity of 11.2, the stock is currently trading at a fair value with a price to book value of 3.3. This is in line with its average historical valuations. In the past year, the stock has generated a return of 5.54%, while its profits have increased by 61.8%. The PEG ratio of the company stands at 0.5, indicating a fair valuation.

Despite being a smallcap company, domestic mutual funds hold only 0% of the company's shares. This could be due to their capability to conduct in-depth research on companies and their small stake may signify their discomfort with the current price or the business.

However, the stock has underperformed the market in the last year, generating a return of 5.54% compared to the market's return of 30.30% (BSE 500). Investors should consider these factors before making any investment decisions regarding InfoBeans Technologies.