MarketsMOJO Downgrades Finkurve Financial Services to 'Sell' Due to Weak Fundamentals and Expensive Valuation

Finkurve Financial Services, a smallcap finance company, has recently been downgraded to a 'Sell' by MarketsMOJO. This decision was based on the company's weak long-term fundamental strength, with an average Return on Equity (ROE) of 5.34%. Additionally, the stock is currently trading at a premium compared to its historical valuations, with a Price to Book Value of 6.5.
Despite the company's positive financial results in the last 4 quarters, with a growth in PAT (HY) of 123.08% and NET SALES (Q) of 26.3%, domestic mutual funds hold only 0% of the company. This could indicate that they are not comfortable with the current stock price or the business itself.

On a positive note, the stock is technically in a mildly bullish range, with factors such as MACD, Bollinger Band, and KST all pointing towards a bullish trend. The company has also consistently outperformed the BSE 500 index in the last 3 years, with a return of 43.30% in the last year alone.

However, despite these positive factors, MarketsMOJO has downgraded the stock to 'Sell' due to its expensive valuation and lack of interest from domestic mutual funds. Investors should carefully consider these factors before making any investment decisions.