Cityman's Q4 Financial Results Show Decline, Receives 'Strong Sell' Rating from MarketsMOJO

Feb 13 2024 06:00 PM IST
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Cityman, a microcap textile company, reported a flat performance with a score of -2 in the quarter ending December 2023. The company's PBT less Other Income has decreased by 102.33% YoY to Rs -0.08 crore, indicating a negative trend in the near term. MarketsMojo has given a 'Strong Sell' call for Cityman's stock. However, the company remains focused on delivering quality products and is optimistic about its future.

Cityman, a microcap textile company, has recently announced its financial results for the quarter ending December 2023. The company's performance has remained flat, with a score of -2, a decrease from -1 in the last quarter.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 102.33% Year on Year (YoY) to Rs -0.08 crore. This indicates a very negative trend in the near term for Cityman.

The company's stock has also received a 'Strong Sell' call from MarketsMOJO, a leading financial analysis firm. This suggests that investors should exercise caution while considering Cityman's stock.

Despite these challenges, Cityman remains committed to its goal of providing quality textile products to its customers. The company is continuously working towards improving its financial performance and is optimistic about its future prospects.
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