Inter Globe Finance Downgraded to 'Sell' by MarketsMOJO Due to Weak Fundamentals

Inter Globe Finance, a microcap finance company, has recently been downgraded to a 'Sell' by MarketsMOJO on October 11, 2024. This decision was based on the company's weak long-term fundamental strength, with an average Return on Equity (ROE) of only 0.03%. Additionally, the company has shown poor long-term growth, with Net Sales growing at an annual rate of only 92.19%.
Other factors contributing to the 'Sell' rating include the company's recent positive results for the last 5 consecutive quarters, with NET SALES(HY) growing at an impressive rate of 432.65% and PBT LESS OI(Q) growing at 94.0%. However, the stock is currently in a Mildly Bullish range, with multiple factors such as MACD, Bollinger Band, and KST being bullish.

Despite having a fair valuation with a 1.2 Price to Book Value and trading at a discount compared to its historical valuations, the stock has only generated a return of 332.86% in the past year, while its profits have risen by 179%. This results in a low PEG ratio of 0.1 for the company.

On a positive note, Inter Globe Finance has consistently generated returns over the last 3 years, outperforming the BSE 500 in each of the last 3 annual periods. However, with the recent downgrade by MarketsMOJO, investors may want to carefully consider their options before investing in this microcap finance company.