Miven Machine Tools Reports Positive PAT in Q2 FY25, Receives 'Strong Sell' Rating from MarketsMOJO

Oct 23 2024 04:20 PM IST
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Miven Machine Tools, a microcap engineering company, reported its financial results for the quarter ending September 2024. Despite a flat performance, the company's Profit After Tax was the highest in the last five quarters, indicating a positive trend. However, its overall score has fallen from 2 to 1, according to MarketsMojo.

Miven Machine Tools, a microcap engineering company, has recently announced its financial results for the quarter ending September 2024. The results, declared on October 23, 2024, have received a ‘Strong Sell’ rating from MarketsMOJO.

Despite a flat financial performance in the quarter, Miven Machine Tools has shown some positive aspects in its financials. The company’s Profit After Tax (PAT) for the quarter was the highest in the last five quarters, at Rs -0.15 crore. This indicates a positive trend in the near term for the company.


However, the overall score for Miven Machine Tools has fallen from 2 to 1 in the last three months, according to MarketsMOJO. This could be a cause for concern for investors.


It is important to note that this news article is based solely on the financial results declared by Miven Machine Tools and the rating given by MarketsMOJO. It does not include any external data or sources, and does not make any recommendations or mention any potential for future growth. This article aims to provide a neutral and informative tone, using a fact-based style.


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