Siddha Ventures Receives 'Sell' Rating from MarketsMOJO

Siddha Ventures, a microcap finance company, has recently received a 'Sell' rating from MarketsMOJO on December 29, 2023. This downgrade is based on the company's flat results in September 2023, with PBDIT(Q), PBT LESS OI(Q), and EPS(Q) all at their lowest levels at Rs -0.02 and -0.04 respectively.
In addition to this, the stock is currently in a Mildly Bullish range, with multiple technical indicators such as MACD, Bollinger Band, and OBV showing a bullish trend. However, despite these positive indicators, the stock's ROE of 56 and a very attractive valuation with a 0.3 Price to Book Value, the stock is trading at a premium compared to its average historical valuations.

Moreover, while the stock has generated a high return of 111.57% in the past year, its profits have fallen by 0%. This could be a cause for concern for investors, especially since the majority shareholders are non-institutional investors.

Despite the market-beating performance of the stock, it is important to consider all factors before making any investment decisions. With the current 'Sell' rating from MarketsMOJO and the company's recent financial performance, it may be wise to approach Siddha Ventures with caution.