MarketsMOJO Advises 'Sell' for SMIFS Capital Markets After Strong Financial Performance

Stock market analysis website MarketsMOJO has given a 'Sell' call for SMIFS Capital Markets after the company declared its financial results for the quarter ending March 2024. The microcap finance and NBFC company has seen a significant improvement in its financial performance, with a PAT growth of 416.28% year on year. The company's PAT trend is also very positive, with a higher PAT of Rs 2.22 crore in the half-year compared to the previous 12 months.

SMIFS Capital Markets has also shown a strong operating profit of Rs 0.13 crore in the last five quarters, with a positive trend in the near term. The company's operating profit margin has also improved, reaching a high of 1.84% in the last five quarters. Similarly, the PBT trend is positive, with a quarterly high of Rs 0.08 crore in the last five quarters.

However, the company's net sales have fallen by -88.0% compared to the average net sales of the previous four quarters, which is a cause for concern. MarketsMOJO has advised investors to 'Sell' their stocks in SMIFS Capital Markets based on this financial data. Overall, the company has shown a very positive financial performance in the quarter ending March 2024, but the decline in net sales is a red flag for investors.