Rane Engine Valve Reports Strong Financial Results for Q4 2023, Receives 'Hold' Rating from MarketsMOJO

Rane Engine Valve, a microcap company in the auto ancillary industry, has recently announced its financial results for the quarter ending December 2023. The results have been declared on January 31, 2024.

According to MarketsMOJO, a leading financial analysis platform, the stock call for Rane Engine Valve is 'Hold'. This is based on the company's positive financial performance in the last quarter of 2023. The company's score has improved from 14 to 12 in the last three months.

The key highlights of Rane Engine Valve's financials for the quarter ending December 2023 are as follows:

- Profit Before Tax less Other Income (PBT) has shown a significant growth of 58.7% compared to the average PBT of the previous four quarters. The PBT for the quarter stands at Rs 4.63 crore.
- Profit After Tax (PAT) has also shown a positive trend with a growth of 26.4% over the average PAT of the previous four quarters. The PAT for the quarter stands at Rs 3.50 crore.

The near-term trend for both PBT and PAT is positive, indicating a strong financial performance for Rane Engine Valve in the coming months.

Overall, Rane Engine Valve has shown a promising financial performance in the last quarter of 2023. With a 'Hold' stock call from MarketsMOJO, investors can keep a close watch on the company's future performance.