Relic Technologies Faces Significant Financial Challenges Amidst Stock Performance Surge

Relic Technologies, a microcap player in the Non-Banking Financial Company (NBFC) sector, has recently undergone an evaluation adjustment that reflects its current financial standing. The company reported negative financial performance for the quarter ending Q3 FY24-25, highlighting significant operating losses and a weak long-term fundamental strength.
The operating profit has shown a notable decline, with an annual growth rate of -193.11%. Additionally, the profit after tax for the quarter was recorded at Rs -1.00 crore, marking a substantial drop of -471.4%. The cash and cash equivalents have reached a low of Rs 3.11 crore, while the profit before depreciation, interest, and taxes (PBDIT) also hit a low of Rs -0.96 crore.

Despite these challenges, the stock has generated a return of 340.72% over the past year, although profits have decreased by -130%. The stock is currently assessed as risky compared to its historical valuations. Technical indicators suggest a mildly bullish range, with several factors indicating bullish trends.

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