Reliable Ventures India Reports Flat Performance in Q4, MarketsMOJO Gives 'Sell' Call

Feb 14 2024 06:20 PM IST
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Reliable Ventures India, a microcap hotel company, reported flat performance in the last quarter. MarketsMojo has given a 'Sell' call based on declining operating profit and profit before tax. Despite this, the company remains dedicated to providing quality services and is working towards improving its financials.

Reliable Ventures India, a microcap company in the hotel industry, recently announced its financial results for the quarter ending December 2023. The company's performance has remained flat in the last three months, according to the latest report.

However, MarketsMOJO has given a 'Sell' call for Reliable Ventures India's stock. This is based on the company's financials for the quarter, which show a decline in operating profit (PBDIT) and profit before tax (PBT) compared to the previous five quarters. The company's earnings per share (EPS) have also decreased, indicating a decline in profitability and lower returns for shareholders.

Despite these challenges, Reliable Ventures India remains committed to providing quality services in the hotel industry. The company is continuously working towards improving its financial performance and delivering value to its stakeholders. As a microcap company, Reliable Ventures India has the potential to grow and make a positive impact in the industry.
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