Regis Industries Reports Positive Financial Results Despite 'Sell' Recommendation

Regis Industries, a microcap finance company, has recently announced its financial results for the quarter ended September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, a leading financial analysis platform. Despite the negative recommendation, Regis Industries has shown positive financial performance in the quarter. According to the latest financial report, the company's score has fallen from 11 to 9 in the last 3 months, indicating a slight decline in overall performance. One of the key highlights of the financial report is the significant growth in net sales for the half-yearly period. The company's net sales have increased by 68.99% year on year, reaching Rs 10.41 crore. This is a promising sign for Regis Industries, as it shows a strong sales trend in the near term. Moreover, the company's Profit After Tax (PAT) for the nine-month period is also higher at Rs 0.01 crore compared to the preceding 12-month period, which had a PAT of Rs -1.11 crore. This indicates that Regis Industries has already surpassed its sales from the previous year in just nine months. Overall, the financial results for the quarter ended September 2024 show positive growth for Regis Industries. While the stock has been given a 'Sell' call by MarketsMOJO, investors should consider the company's strong sales performance and improving profitability before making any investment decisions.