MarketsMOJO advises 'Sell' for Kachchh Minerals despite flat performance in Q1 2024
Despite the mixed financial results, MarketsMOJO has given a 'Sell' call for Kachchh Minerals. The microcap company has seen a flat performance in the quarter ending March 2024, with a score of -2 compared to 10 in the previous quarter.
However, there are some positive aspects to the financials. The company's Profit After Tax (PAT) for the nine-month period is higher at Rs 0.42 crore compared to the previous 12-month period. This indicates that the company has already surpassed its sales from the previous year.
On the other hand, the Operating Profit (PBDIT) and Profit Before Tax less Other Income (PBT) for the quarter have both seen a decline, with the lowest figures in the last five quarters. This suggests a negative trend in the near term. Additionally, the company's Earnings per Share (EPS) for the quarter is also at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has advised investors to 'Sell' Kachchh Minerals stock. It is important for investors to carefully consider the company's financial performance before making any investment decisions.
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