Cranex remains a strong player in engineering industry despite mixed financial results

Nov 18 2024 12:50 PM IST
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Cranex, a strong player in the engineering industry, has shown resilience despite a challenging market. While their recent financial report for the quarter ending September 2024 showed a decline in score, there are still positive aspects such as higher PAT. However, concerns like decreased net sales and operating cash flow have led to a 'Sell' call by MarketsMojo.

Despite the mixed financial results, Cranex remains a strong player in the engineering industry. With a microcap size, the company has shown resilience in the face of a challenging market. The recent financial report for the quarter ending September 2024 has shown a decline in the company's score from 9 to -3 in the last 3 months. However, there are still positive aspects to highlight, such as the higher Profit After Tax (PAT) of Rs 1.78 Cr compared to the previous 12-month period.

On the other hand, there are areas of concern, such as the decrease in net sales by -10.91% YoY and the lowest operating cash flow in the last three years. These factors may have contributed to the recent 'Sell' call by MarketsMOJO.

Despite this, Cranex has shown resilience and continues to be a strong player in the engineering industry. The company's financial results may have been affected by external factors, but it remains a reliable and reputable company in the market. Investors should carefully consider all aspects before making any decisions regarding Cranex's stock.
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