Suryavanshi Spinning Mills Reports Decline in Performance, Receives 'Sell' Call from MarketsMOJO

Aug 13 2024 11:17 AM IST
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Suryavanshi Spinning Mills, a microcap textile company, received a 'Sell' call from MarketsMojo after announcing its financial results for the quarter ending June 2024. Despite a positive performance with a score of 8 out of 15, the company's PAT has significantly decreased by 617.1% compared to the previous four quarters. Investors are closely watching the company's future strategies.

Suryavanshi Spinning Mills, a microcap textile company, has recently announced its financial results for the quarter ending June 2024. The company has received a 'Sell' call from MarketsMOJO, a leading financial analysis platform.

According to the financial report, Suryavanshi Spinning Mills has shown a positive performance in the quarter, with a score of 8 out of 15. However, this score has fallen from 15 in the last 3 months, indicating a decline in performance.

One of the major factors contributing to this decline is the company's Profit After Tax (PAT) for the quarter, which stands at -1.06 crore. This is a significant decrease of 617.1% compared to the average PAT of the previous four quarters, which was 0.21 crore. This trend in PAT is concerning for the company's near-term financial outlook.

While Suryavanshi Spinning Mills has faced challenges in this quarter, it remains to be seen how the company will strategize and improve its financial performance in the future. Investors and stakeholders will be closely monitoring the company's progress in the coming months.
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