IRIS Business Services Sees Revision in Stock Evaluation Amid Strong Financial Performance

Jan 06 2025 07:09 PM IST
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IRIS Business Services has undergone a revision in its stock evaluation by MarketsMojo, driven by impressive financial results, including a significant net profit growth. Despite a solid quarterly performance, the company's long-term growth appears moderate. The stock has been added to MarketsMojo's list, highlighting its market position.
IRIS Business Services, a microcap player in the BPO/ITeS sector, has recently experienced a revision in its stock evaluation by MarketsMOJO. The adjustment reflects the company's solid financial performance, highlighted by a remarkable growth in net profit of nearly 184% for the quarter ending September 2024. This impressive result marks the ninth consecutive quarter of positive outcomes for the firm.

Despite the strong quarterly performance, the stock's long-term growth trajectory appears less robust, with net sales increasing at an annual rate of 18.25% over the past five years. The company's debt-to-equity ratio remains low, indicating a stable financial structure, while its operating cash flow reached a peak of Rs 11.70 crore.

Technically, IRIS Business Services is positioned in a mildly bullish range, supported by positive indicators from MACD and KST metrics. The stock has also demonstrated market-beating performance, generating a substantial 241.10% return over the past year and outperforming the BSE 500 index over various time frames.

In light of these factors, IRIS Business Services has been added to MarketsMOJO's list, reflecting its current standing in the market.
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