Syschem (India) Downgraded to 'Sell' by MarketsMOJO Due to Poor Management and Flat Results

Syschem (India) has recently been downgraded to a 'Sell' by MarketsMOJO due to poor management efficiency and flat results in the last quarter. The company's Return on Equity (ROE) has been consistently low at 5.17%, indicating low profitability per unit of shareholders' funds. In addition, the company's profits have fallen by -71.32% and -52.28% in the last 9 months and quarter, respectively.
Technically, the stock is currently in a Mildly Bearish range and has generated -2.74% returns since the downgrade on 21 May 2024. The Bollinger Band, a key technical factor, has also been Bearish since the same date. With a ROE of 4.9, the stock is considered to have an expensive valuation with a 3.8 Price to Book Value. However, it is currently trading at a discount compared to its average historical valuations.

On a positive note, Syschem (India) has shown healthy long-term growth with an annual rate of 48.29% in operating profit. The majority shareholders of the company are the promoters, indicating their confidence in the company's future prospects.

Overall, the recent downgrade of Syschem (India) to a 'Sell' by MarketsMOJO highlights the company's poor management efficiency and flat results. Investors should carefully consider these factors before making any investment decisions.