Suryalakshmi Cotton Mills Reports Decline in Quarterly Performance, Investors Advised to Monitor Closely

Feb 13 2024 06:35 PM IST
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Suryalakshmi Cotton Mills, a microcap textile company, has reported a negative performance in the quarter ending December 2023, with a decline in score and a significant decrease in Half Yearly PAT. Investors and experts are advised to closely monitor the company's financial performance in the future.

Suryalakshmi Cotton Mills, a microcap textile company, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Sell' call by MarketsMOJO.

According to the financial report, Suryalakshmi Cotton Mills has seen a negative performance in the quarter, with a score of -6 compared to -5 in the previous quarter. This decline in score can be attributed to various factors.

One of the major concerns for the company is its Half Yearly Profit After Tax (PAT), which has shown a significant decline of -64.76% year on year. This is a cause for worry as it indicates a downward trend in the company's profitability in the near term.

Investors and experts are advised to closely monitor the financial performance of Suryalakshmi Cotton Mills in the coming quarters to assess any improvements or changes in the company's performance. However, it is important to note that this article is based solely on the information provided by the company and does not include any external data or sources.
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