Mangalam Industrial Finance Reports Positive Q3 Results, Strong Sell Recommendation by MarketsMOJO

Mangalam Industrial Finance, a microcap finance company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with its score improving from 3 to 7 in the last three months. One of the key highlights of the financials is the operating profit (PBDIT) for the quarter, which stands at Rs 0.57 crore, the highest in the last five quarters. This indicates a positive trend in the near term for the company's operating profit. Similarly, the profit before tax (PBT) less other income has also shown a positive trend, with the highest figure of Rs 0.56 crore in the last five quarters. The profit after tax (PAT) for the quarter is also at its highest in the last five quarters, standing at Rs 0.41 crore. This reflects a positive trend in the near term for the company's profitability. The earnings per share (EPS) for the quarter is also at its highest in the last five quarters, indicating an increase in profitability and higher earnings for shareholders. Based on these financials, MarketsMOJO has given a 'Strong Sell' call for Mangalam Industrial Finance's stock. The company's performance in this quarter has been impressive, with positive trends in key financial indicators. Investors can keep an eye on the company's future performance, but for now, the stock is recommended to be sold.