MarketsMOJO downgrades Rajvi Logitrade to 'Sell' due to weak fundamentals

Rajvi Logitrade, a microcap finance company, has recently received a 'Sell' rating from MarketsMOJO on February 15, 2024. This downgrade is due to the company's weak long-term fundamental strength, with a negative book value. Additionally, the company has shown poor long-term growth, with net sales growing at an annual rate of only 75.90% and operating profit remaining at 0%.
Despite declaring positive results for the last three consecutive quarters, with net sales growing at an impressive rate of 103.10% and PBDIT(Q) reaching its highest at Rs 0.28 cr, the overall performance of Rajvi Logitrade has not been enough to outweigh its weak fundamentals.

It is worth noting that the majority shareholders of the company are its promoters, which may raise concerns about potential conflicts of interest. However, it is important to note that this information is based on fact and not influenced by any external sources or experts.

Investors should carefully consider these factors before making any decisions regarding Rajvi Logitrade's stock. With a 'Sell' rating from MarketsMOJO and weak long-term fundamentals, it may be wise to approach this microcap company with caution.