Tracxn Technologies Receives 'Hold' Rating from MarketsMOJO, Shows Strong Management Efficiency and Long-Term Growth

Tracxn Technologies, a microcap IT software company, has recently received a 'Hold' rating from MarketsMOJO. This upgrade is based on the company's high management efficiency, with a ROE of 27.72%, and a low Debt to Equity ratio of 0 times. The company has also shown healthy long-term growth, with an annual operating profit growth rate of 216.02%.
Technically, the stock is currently in a Mildly Bullish range, with the technical trend improving from Mildly Bearish on 05-Sep-24. Multiple factors, such as MACD, Bollinger Band, and KST, indicate a bullish outlook for the stock.

However, the majority shareholders of Tracxn Technologies are non-institutional investors, which may pose a risk for the company's future growth. Additionally, the company has declared negative results for the last three consecutive quarters, with a significant decline in profits. The PAT (HY) has grown at a rate of -89.28%, and the NON-OPERATING INCOME (Q) is 83.93% of the Profit Before Tax (PBT).

Moreover, with a ROE of 10, the company's valuation is considered to be very expensive, with a price to book value of 13.9. However, the stock is currently trading at a discount compared to its average historical valuations. In the past year, while the stock has generated a return of 22.58%, its profits have fallen by -77%.

Overall, Tracxn Technologies has underperformed the market in the last year, with a return of 22.58%, much lower than the market (BSE 500) returns of 37.08%. Investors are advised to hold their positions in the stock and monitor its performance closely.