MarketsMOJO Downgrades Apollo Finvest (India) to 'Sell' Due to Negative Financial Results

Apollo Finvest (India), a microcap finance company, has recently been downgraded to a 'Sell' by MarketsMOJO on April 23, 2024. This decision was based on the company's negative financial results for the past 5 consecutive quarters. With a decline in net sales by -61.65% and profits by -21.02%, the company's performance has been a cause for concern.
Moreover, Apollo Finvest (India) has a very expensive valuation with a price to book value of 7.4 and a return on equity (ROE) of 18.4. This is significantly higher than its average historical valuations. In addition, while the stock has generated a return of 96.00% in the past year, its profits have fallen by -31.9%.

However, there are some positive factors to consider. The company has a strong long-term fundamental strength with an average ROE of 19.18%. Its net sales have also shown healthy growth at an annual rate of 42.60% and operating profit at 69.14%. Technically, the stock is in a mildly bullish range with multiple factors such as MACD, Bollinger Band, and KST indicating a bullish trend.

It is worth noting that the majority shareholders of Apollo Finvest (India) are promoters, which could potentially have a positive impact on the company's future performance. Additionally, the stock has outperformed the market (BSE 500) with a return of 96.00% compared to the market's return of 38.02% in the last year.

In conclusion, while Apollo Finvest (India) has shown some concerning financial results, it also has some positive factors that could potentially lead to a turnaround in the future. Investors should carefully consider all aspects before making any investment decisions.