MarketsMOJO Downgrades TCI Finance to 'Sell' Due to Weak Fundamentals and High Risk

TCI Finance, a microcap finance company, has recently received a 'Sell' rating from MarketsMOJO on November 18, 2024. This downgrade is based on the company's weak long-term fundamental strength, with a negative book value and poor growth in net sales and operating profit.
In addition, the company's recent financial results for September 2024 have been flat, and it has a negative EBITDA, making it a risky investment. The stock is also trading at a higher risk compared to its historical valuations.

On the technical side, the stock is currently in a mildly bullish range, with indicators such as MACD, Bollinger Band, and KST showing bullish signals. However, the majority of shareholders are non-institutional, which may add to the risk factor.

Despite the recent market-beating performance of 372.20% returns in the last year, TCI Finance has underperformed compared to BSE 500 in the last 3 years, 1 year, and 3 months. This, combined with the company's weak fundamentals, has led to the 'Sell' rating from MarketsMOJO.

Investors should carefully consider these factors before making any investment decisions regarding TCI Finance. It is important to note that this is not a recommendation, but rather a fact-based analysis of the company's current situation.