Shree Steel Wire Ropes Reports Flat Q2 Performance, MarketsMOJO Gives 'Sell' Call
Shree Steel Wire Ropes, a microcap company in the steel industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Sell' call by MarketsMOJO, indicating a potential decline in its value.According to the financial report, Shree Steel Wire Ropes has experienced a flat performance in the second quarter of the fiscal year 2024-2025. This is reflected in the company's score, which has dropped from 2 to 1 in the last three months.
However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period is higher at Rs 0.02 crore compared to the previous 12-month period ending in September 2024, which had a PAT of Rs -0.20 crore. This indicates a potential improvement in the company's profitability.
Moreover, in just nine months, Shree Steel Wire Ropes has already surpassed its sales from the previous 12 months. This could be a promising sign for the company's future performance.
Despite these positive aspects, MarketsMOJO has given a 'Sell' call for Shree Steel Wire Ropes' stock. Investors should carefully consider this information before making any investment decisions.
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