Ind Bank Housing's Q2 FY25 Financial Results Raise Concerns for Investors

Oct 19 2024 09:32 AM IST
share
Share Via
Ind Bank Housing, a microcap finance-housing company, reported flat financial results for the quarter ending September 2024. The company's cash and cash equivalents have decreased to Rs 3.83 crore, the lowest in the last six half-yearly periods, raising concerns about its short-term liquidity. It is crucial for the company to address these issues for future growth.

Ind Bank Housing, a microcap company in the finance-housing industry, recently announced its financial results for the quarter ending September 2024. The results, declared on October 18, 2024, have received a ‘Sell’ call from MarketsMOJO.


According to the financial report, Ind Bank Housing has shown a flat performance in the quarter, with the score remaining the same for the past three months. This may be a cause for concern for investors and stakeholders.


One of the key areas of concern for the company is its cash and cash equivalents, which have been at their lowest in the last six half-yearly periods at Rs 3.83 crore. This indicates a deteriorating short-term liquidity for Ind Bank Housing.


While the company has not received any recommendations from experts or investors, the financial data speaks for itself. It is important for Ind Bank Housing to address these issues and work towards improving its financial performance in the upcoming quarters.


{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
Why is Chandan Healthca falling/rising?
3 hours ago
share
Share Via
Why is KRN Heat Exchan falling/rising?
3 hours ago
share
Share Via
Why is Solarium Green falling/rising?
3 hours ago
share
Share Via
Why is Gajanand Inter. falling/rising?
3 hours ago
share
Share Via
Why is Sahasra Electro. falling/rising?
3 hours ago
share
Share Via
Why is Globale Tessile falling/rising?
3 hours ago
share
Share Via
Why is AWFIS Space falling/rising?
3 hours ago
share
Share Via