Vikram Thermo (India) Downgraded to 'Hold' by MarketsMOJO Due to Current Financial Performance and Market Trends

Vikram Thermo (India) has recently been downgraded to a 'Hold' by MarketsMOJO, a leading stock analysis platform. This decision was based on the company's current financial performance and market trends.
One of the main reasons for the downgrade is the company's low Debt to Equity ratio, which is at 0 times on average. This indicates a healthy financial position and the ability to manage its debts effectively.

Moreover, Vikram Thermo (India) has shown consistent growth in its operating profit, with an annual rate of 49.45%. The company has also declared positive results for the last 7 consecutive quarters, with PBT LESS OI(Q) growing at 24.8% and PAT(Q) growing at 21.4%.

Technically, the stock is in a bullish range and has shown improvement since April 30, 2024. It has generated a return of -8.34% since then, with multiple factors such as MACD, KST, DOW, and OBV indicating a bullish trend.

In the past 3 years, Vikram Thermo (India) has consistently outperformed BSE 500 and has generated a return of 114.86% in the last 1 year. However, with a ROE of 23.9, the stock is currently trading at a premium compared to its historical valuations, with a price to book value of 5.5.

It is worth noting that despite its small size, domestic mutual funds hold only 0% of the company. This could signify that they are not comfortable with the current price or the business, as they have the capability to conduct in-depth research on companies.

Overall, while Vikram Thermo (India) has shown strong financial performance and market trends, the downgrade to 'Hold' by MarketsMOJO suggests that investors should carefully consider their options before making any investment decisions.