Swarnsarita Jewels India's Q4 financial results show decline in sales, 'Sell' stock call by MarketsMOJO
Swarnsarita Jewels India, a microcap company in the jewellery industry, reported flat financial performance for the quarter ending March 2024 with a score of -3. The company's interest cost has increased by 27.79%, indicating a rise in borrowings. Net sales have also declined by -8.7%, suggesting a negative trend. Investors should consider the 'Sell' stock call by MarketsMojo.
Swarnsarita Jewels India, a microcap company in the jewellery industry, recently announced its financial results for the quarter ending March 2024. According to the report released on May 30, 2024, the company's stock call by MarketsMOJO is 'Sell'.
The financial performance of Swarnsarita Jewels India for the quarter has remained flat, with a score of -3. However, this is an improvement from the previous quarter's score of -12.
The company's interest cost has increased by 27.79% over the preceding nine months period, reaching Rs 6.53 crore. This indicates a rise in borrowings.
In terms of net sales, Swarnsarita Jewels India has seen a decline of -8.7% compared to the average net sales of the previous four quarters, which stood at Rs 187.57 crore. This suggests a negative trend in sales in the near term.
Overall, the financial results for the quarter ending March 2024 for Swarnsarita Jewels India have not been very positive. Investors are advised to take note of the 'Sell' stock call by MarketsMOJO and make informed decisions.
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