Arunis Abode Receives 'Sell' Rating from MarketsMOJO, Despite Recent Bullish Trends

Arunis Abode, a microcap finance company, has recently received a 'Sell' rating from MarketsMOJO on May 8, 2024. This downgrade is based on weak long-term fundamental strength, with an average Return on Equity (ROE) of 3.43% and poor long-term growth as operating profit has declined by an annual rate of -5.84%. Additionally, the company's results for December 2023 were flat.
On a positive note, the stock is currently in a mildly bullish range and has multiple bullish factors such as MACD, KST, and OBV. With a ROE of 16.9, the stock is also trading at a very attractive valuation with a price to book value of 2.2. Furthermore, it is currently trading at a discount compared to its average historical valuations.

In the past year, Arunis Abode has outperformed the market (BSE 500) with a return of 85.86%, while its profits have risen by 76%. This is reflected in the company's low PEG ratio of 0.1. It is worth noting that the majority shareholders of the company are promoters.

Despite its market-beating performance, MarketsMOJO has downgraded the stock to 'Sell' due to its weak long-term fundamentals and poor growth. Investors should carefully consider these factors before making any investment decisions. This is a developing story and we will continue to monitor the company's performance closely.