Chandrima Mercantiles Adjusts Evaluation Amid Declining Sales and Profit Trends

Chandrima Mercantiles, a microcap company in the Trading & Distributors industry, has recently undergone an adjustment in its evaluation. This revision reflects a shift in the technical trends associated with the stock, moving from a sideways pattern to a mildly bullish stance.
In terms of key financial metrics, the company has reported a net sales figure of Rs 13.17 crore over the latest six months, indicating a contraction of 21.56%. Additionally, the profit after tax (PAT) for the same period stands at Rs -0.57 crore, also reflecting a decline of 21.56%. The company's return on equity (ROE) is noted at 1.44%, which suggests a relatively weak long-term fundamental strength.

Chandrima Mercantiles has demonstrated notable performance over the past year, generating a return of 68.33%, despite a significant drop in profits by 78.4%. The stock is currently trading at a premium compared to its peers, with a price-to-book value of 1.3.

Overall, the recent evaluation adjustment highlights the evolving technical landscape of Chandrima Mercantiles amidst its financial performance indicators.

Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.