TechNVision Ventures Receives 'Buy' Rating from MarketsMOJO, Shows Strong Growth and Bullish Trend

TechNVision Ventures, a smallcap BPO/ITeS company, has recently received a 'Buy' rating from MarketsMOJO on September 11, 2024. This upgrade comes as the company has shown positive results in the last four consecutive quarters and has a low Debt to Equity ratio of 0 times on average.
In the latest quarter, the company's Net Sales have grown by an impressive 67.66%, leading to a growth in PBT LESS OI(Q) of 134.22% and PAT(Q) of 131.6%. This positive trend is reflected in the stock's technical analysis, which shows a bullish trend and improvement from Mildly Bullish on September 11, 2024. Multiple factors such as MACD, Bollinger Band, KST, and OBV also indicate a bullish outlook for the stock.

Not only has TechNVision Ventures performed well in the near term, but it has also outperformed the BSE 500 in the last 3 years, 1 year, and 3 months, generating a return of 2414.29%. However, there are some risks to consider, such as the company's poor long-term growth rate of 19.10% in Operating profit over the last 5 years. Additionally, with a ROE of 88.8 and a Price to Book Value of 181.2, the stock is currently trading at a premium compared to its historical valuations.

Furthermore, despite its smallcap size, domestic mutual funds hold only 0% of the company, which could indicate a lack of confidence in the stock's current price or business. However, with its recent positive performance and potential for growth, TechNVision Ventures remains a promising investment opportunity in the BPO/ITeS industry.