Reliable Data Services Shows Strong Growth Amid Challenging Market Conditions

Reliable Data Services, a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an adjustment in its evaluation. This revision reflects a notable shift in technical indicators, with the technical trend moving from a mildly bullish stance to a bullish outlook.
The company's performance metrics have been impressive, particularly in the recent quarter, where it reported a substantial growth in net sales of 92.82%. Over the last six months, net sales reached Rs 92.46 crore, showcasing a growth rate of 91.51%. Additionally, the profit after tax (PAT) for the same period was Rs 5.53 crore, marking an increase of 88.35%. The return on capital employed (ROCE) stands at a robust 23.02%, indicating strong operational efficiency.

Despite a challenging market backdrop, where the broader BSE500 index has seen negative returns of -4.38% over the past year, Reliable Data Services has managed to deliver a remarkable return of 41.97%. This performance underscores the company's resilience and market position, further supported by its attractive valuation metrics.

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