Shiva Global Agro Industries Reports Flat Performance, Receives Strong Sell Rating from MarketsMOJO
Shiva Global Agro Industries, a microcap fertilizer company, reported a flat performance in the quarter ending June 2024 with a score of -4, an improvement from the previous quarter. Net sales and profit after tax have both decreased by -25.59% year on year, leading to a Strong Sell rating by MarketsMojo.
Shiva Global Agro Industries, a microcap company in the fertilizer industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a "Strong Sell" rating by MarketsMOJO.
According to the financial report, Shiva Global's performance has remained flat in the quarter, with a score of -4, which is an improvement from the previous quarter's score of -25. This indicates that the company has not shown significant growth in the last three months.
One of the major factors contributing to this flat performance is the net sales, which have decreased by -25.59% year on year, standing at Rs 282.58 crore. This trend is expected to continue in the near term, as the company's sales have been on a downward trend.
Similarly, the company's profit after tax (PAT) has also decreased by -25.59% year on year, with a total of Rs -16.95 crore. This negative trend is also expected to continue in the near term.
Based on these financials, MarketsMOJO has given a "Strong Sell" rating for Shiva Global's stock. This indicates that the company's financial performance is not favorable and investors should exercise caution while considering this stock.
It is important to note that this news article is based on the company's financial results and the rating given by MarketsMOJO. It does not include any external data or sources and is purely informative in nature.
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