Adcon Capital Services Reports Positive Growth in Half-Yearly Profits, Despite 'Strong Sell' Rating by MarketsMOJO

Adcon Capital Services, a microcap finance company, has recently announced its financial results for the quarter ended June 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO, a leading financial analysis platform.

According to the financial report, Adcon Capital has shown a flat performance in the quarter, with the score remaining the same for the past three months. However, there are some positive aspects to the company's financials for the quarter.

One notable highlight is the Profit After Tax (PAT) for the half-yearly period, which stands at Rs 0.39 crore. This is higher than the preceding 12-month period ended June 2024, where the company reported a PAT of Rs 0.24 crore. This indicates a growth in profits for the company in the first half of the year.

Adcon Capital's financial results also show that the company has already surpassed its PAT for the previous 12 months in just six months. This is a positive sign for the company's financial performance.

Despite the flat performance in the quarter, Adcon Capital's financials show potential for growth and improvement in the future. Investors and stakeholders can keep an eye on the company's progress in the upcoming quarters to see if it can maintain its positive momentum.