Narmada Gelatines Downgraded to 'Sell' by MarketsMOJO: Poor Growth and Bearish Trend Indicate Concerns.

Narmada Gelatines, a microcap company in the chemicals industry, has recently been downgraded to a 'Sell' by MarketsMOJO on September 23, 2024. This decision was based on several factors, including poor long-term growth, flat results in June 2024, and a technically bearish trend.
Over the last five years, Narmada Gelatines has only seen a 7.08% annual growth in net sales, indicating a lack of significant progress. In addition, the stock has been trading in a mildly bearish range since September 17, 2024, with a negative return of -2.01%. Technical indicators such as MACD, Bollinger Band, and KST also suggest a bearish trend for the stock.

Furthermore, with a ROE of 13.2, Narmada Gelatines is currently overvalued with a price to book value of 2.1. This is higher than its historical average, indicating that the stock is trading at a premium. In the past year, the stock has generated a negative return of -12.85%, while its profits have also declined by -17.4%.

In comparison to the market (BSE 500), Narmada Gelatines has significantly underperformed, with a negative return of -12.85% while the market has generated a return of 40.49% in the last year.

On a positive note, the company has a low debt to equity ratio of 0 times, indicating a healthy financial position. However, the majority shareholders of Narmada Gelatines are the promoters, which may raise concerns for potential investors.

In conclusion, based on the current market trends and financial performance, MarketsMOJO has downgraded Narmada Gelatines to a 'Sell'. Investors should carefully consider these factors before making any investment decisions.