Veeram Securities Reports Strong Financial Performance in Q2 FY25 Despite 'Sell' Call

Veeram Securities, a microcap company in the diamond and gold jewellery industry, has recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Sell’ call by MarketsMOJO.

Despite the negative stock call, Veeram Securities has shown positive financial performance in the quarter. In the last 3 months, the company’s score has fallen from 18 to 11, indicating a decline in overall performance.

However, there are some positive aspects to the company’s financials for the quarter. The Profit After Tax (PAT) for the nine-month period has grown by 83.67% year on year, reaching Rs 2.70 crore. This shows a strong improvement in profitability for the company. Additionally, the Net Sales for the half-yearly period have also shown a significant growth of 69.15% year on year, reaching Rs 13.38 crore. This indicates a positive trend in sales for the near term.

While the stock call may not be favorable, Veeram Securities has shown promising financial results for the quarter ending September 2024. Investors should keep an eye on the company’s performance in the coming months to see if it can maintain this positive trend.