Sigma Solve, a microcap IT software company, has been downgraded to ‘Sell’ by MarketsMojo as of January 13, 2025. The company’s Q2 FY24-25 operating cash flow was Rs 7.40 crore, the lowest for the period. Over the past year, its stock has declined by 28.12%, contrasting with a 7.04% return from the BSE 500 index.
Get Detailed Stock Report

Sigma Solve, a microcap company in the IT software industry, has recently faced a downgrade in its stock rating to ‘Sell’ by MarketsMOJO as of January 13, 2025. The company’s financial performance for the second quarter of FY24-25 has remained flat, with operating cash flow recorded at Rs 7.40 crore, marking the lowest level for the period.

The stock is currently positioned in a mildly bearish range, having deteriorated from a sideways trend earlier in January. Since January 9, 2025, it has generated a modest return of 2.03%. Additionally, the Bollinger Band indicator has shown a bearish trend since the same date.

Over the past year, Sigma Solve has underperformed the broader market, with the BSE 500 index returning 7.04%, while the company’s stock has declined by 28.12%. Despite these challenges, Sigma Solve maintains a high management efficiency, reflected in a return on equity (ROE) of 47.44% and a low debt-to-equity ratio of 0. The company has also demonstrated healthy long-term growth, with net sales and operating profit increasing at annual rates of 45.40% and 46.36%, respectively.