Narendra Properties Reports Negative Performance in Q2, Receives 'Strong Sell' Rating

Narendra Properties, a microcap company in the construction and real estate industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Narendra Properties has seen a negative performance in the second quarter of the fiscal year 2024-2025. The company's score has dropped from -5 to -8 in the last three months.

One of the major factors contributing to this decline is the net sales, which have decreased by 65.23% year on year, standing at Rs 7.17 crore. The near-term sales trend for the company is also very negative. Similarly, the profit after tax (PAT) has also decreased by 65.23% year on year, with a total of Rs -3.03 crore. The near-term trend for PAT is also very negative.

These financial results indicate that Narendra Properties is facing challenges in its operations and is struggling to maintain its sales and profitability. Investors should take note of these figures before making any investment decisions. The company's stock has been given a 'Strong Sell' call by MarketsMOJO, which suggests that it may not be a wise investment option at this time.