Nihar Info Global's Financial Performance Declines, Receives 'Strong Sell' Rating
Nihar Info Global, a microcap IT software company, reported a flat performance for the quarter ending March 2024 with a score of -3. The company's operating profit and profit before tax have been the lowest in the last five quarters, indicating a decline in profitability. MarketsMojo has given a 'Strong Sell' rating for the company's stock.
Nihar Info Global, a microcap IT software company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.
According to the financial report, Nihar Info Global's performance for the quarter has been flat, with a score of -3 compared to 0 in the previous quarter. This indicates a decline in the company's financial performance over the last three months.
One of the major factors contributing to this decline is the company's operating profit (PBDIT), which has been the lowest in the last five quarters at Rs -3.38 crore. The trend for near-term operating profit is also negative. Similarly, the profit before tax (PBT) less other income has also been the lowest in the last five quarters at Rs -3.42 crore, with a negative trend in the near term. This indicates a decline in profitability for the company.
The earnings per share (EPS) for the quarter have also been the lowest in the last five quarters at Rs -3.29. This shows a decline in the company's ability to generate earnings for its shareholders.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' rating for Nihar Info Global's stock. Investors should carefully consider these factors before making any investment decisions.
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