GTL Infrastructure Receives 'Sell' Call from MarketsMOJO After Declining Sales Trend

Feb 08 2024 06:05 PM IST
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GTL Infrastructure, a smallcap telecom equipment company, reported its financial results for the quarter ending December 2023. The company's net sales were at their lowest in the last five quarters, resulting in a negative sales trend. MarketsMojo has given a 'Sell' call based on these financials, advising investors to make informed decisions.

GTL Infrastructure, a smallcap company in the telecom equipment industry, recently announced its financial results for the quarter ending December 2023. The results, which were declared on February 8, 2024, have received a 'Sell' call from MarketsMOJO.

According to the financials, GTL Infra. has seen a flat performance in the quarter, with a score of -2 compared to 0 in the previous quarter. This decline in score can be attributed to the company's net sales, which were at their lowest in the last five quarters at Rs 337.53 crore. The near-term sales trend for the company is also negative.

Furthermore, the net sales for the quarter have fallen by 6.3% compared to the average net sales of the previous four quarters, which were at Rs 360.27 crore. This further highlights the negative sales trend for GTL Infrastructure in the near term.

Based on these financials, MarketsMOJO has given a 'Sell' call for GTL Infrastructure. Investors should take note of the company's declining sales trend and make informed decisions regarding their investments.
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