Rainbow Foundations Reports Strong Financial Results for Q2 2024, Receives 'Hold' Rating

Nov 16 2024 04:38 PM IST
share
Share Via
The company's positive performance and growth in key areas make it a potential contender for future investment opportunities.
Rainbow Foundations, a microcap company in the construction and real estate industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financial report, Rainbow Foundations has shown a positive performance in the second quarter of the fiscal year 2024-2025. The company's score has improved from 25 to 19 in the last three months.

One of the key factors contributing to this positive performance is the significant growth in Profit After Tax (PAT) for the half-yearly period, which has increased by 196.55% year on year. This trend is expected to continue in the near future.

Additionally, the company's net sales for the quarter have reached a record high of Rs 33.24 crore, the highest in the last five quarters. This represents a growth of 22.4% over the average net sales of the previous four quarters. The near-term sales trend for Rainbow Foundations is also positive.

Overall, Rainbow Foundations has shown promising financial results for the quarter ending September 2024. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this microcap company in the construction and real estate industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News