Manraj Housing Finance Reports Positive Q1 Results, But Receives 'Strong Sell' Rating

Manraj Housing Finance, a microcap company in the finance industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with a significant improvement in its overall score from -3 to 7 in the last three months. One of the key factors contributing to this positive performance is the company's operating profit (PBDIT), which has been the highest in the last five quarters at Rs -0.04 crore. This indicates a positive trend in the near term for the company's operating profit. Similarly, the company's profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs -0.04 crore, showing a positive trend in the near term. Additionally, the company's profit after tax (PAT) has also seen a significant increase, with the highest figure of Rs 0.46 crore in the last five quarters. This indicates a positive trend in the near term for the company's profitability. Moreover, the company's earnings per share (EPS) have also been the highest in the last five quarters at Rs 0.92, showcasing an increase in profitability and creating higher earnings for shareholders. However, it is important to note that MarketsMOJO has given a 'Strong Sell' call for Manraj Housing Finance's stock. This is not a recommendation, but rather a fact-based analysis of the company's financial performance. Investors should carefully consider all available information before making any investment decisions.