RRIL's Financial Report Shows Negative Performance, MarketsMOJO Gives 'Sell' Call
RRIL, a microcap trading company, reported a negative performance in the quarter ending March 2024, with a score of -13. The company's PAT has declined by 61.62% year on year and its Net Sales have fallen by 7.0%. MarketsMojo has given a 'Sell' call for the stock, cautioning investors to carefully evaluate before investing.
RRIL, a microcap trading company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.
According to the financial report, RRIL has seen a negative performance in the quarter, with a score of -13, which has improved from -17 in the last 3 months. This indicates that the company's financials have not been performing well.
One of the major factors contributing to this negative performance is the Profit After Tax (PAT) for the half-yearly period, which has shown a decline of 61.62% year on year, standing at Rs 3.04 crore. The near-term trend for PAT is also negative.
In addition, the company's Net Sales for the quarter have fallen by 7.0% compared to the average Net Sales of the previous four quarters, which stood at Rs 28.22 crore. The near-term trend for sales is also negative.
Based on these financials, MarketsMOJO has given a 'Sell' call for RRIL's stock. Investors are advised to carefully consider these factors before making any investment decisions.
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