Wagend Infra Venture Downgraded to 'Sell' by MarketsMOJO, But Shows Potential for Growth

Wagend Infra Venture, a microcap finance company, has recently been downgraded to a 'Sell' by MarketsMOJO on June 5th, 2024. This decision was based on the company's weak long-term fundamental strength, as it has been operating at a loss. In addition, the company has shown poor long-term growth with an annual operating profit growth rate of -2.52%.
The company's recent financial results for March 2024 have also been lackluster, with its PBDIT(Q) and PBT LESS OI(Q) at their lowest at Rs -0.28 crore. The EPS(Q) has also been at its lowest at Rs -0.04. This negative trend in operating profits makes the stock a risky investment compared to its historical valuations.

However, there are some positive factors to consider. The stock is currently in a bullish range and has shown a technical trend improvement since May 18th, 2024, generating a return of 75.17%. Additionally, multiple technical indicators such as MACD, Bollinger Band, and KST are bullish for the stock.

Wagend Infra Venture has a majority of non-institutional shareholders, and its market performance has been impressive in both the long-term and near-term. In the last year, the stock has generated a return of 284.85%, outperforming the BSE 500 index in the last 3 years, 1 year, and 3 months.

In conclusion, while Wagend Infra Venture may have some concerning factors, it has also shown potential for growth and has performed well in the market. Investors should carefully consider all aspects before making any decisions regarding this microcap finance company.