Bhakti Gems & Jewellery Reports Flat Financial Results for Q1, But Shows Positive Growth in Sales
Bhakti Gems & Jewellery, a microcap company in the jewellery industry, has reported its financial results for the quarter ending March 2024. Despite a flat performance, the company's net sales for the quarter were the highest in the last five quarters, with a year-on-year growth of 31.50%. MarketsMojo has given a 'Sell' call for the company's stock.
Bhakti Gems & Jewellery, a microcap company in the jewellery industry, has recently declared its financial results for the quarter ending March 2024. According to the data released on May 31, 2024, the company has seen a flat performance in terms of financials for the quarter.However, there are some positive aspects to note from the financial results. The company's net sales for the quarter were the highest in the last five quarters, standing at Rs 30.77 crore. This is a positive sign for the company, as it indicates a growth in sales in the near term.
Furthermore, the net sales for the quarter have also shown a year-on-year growth of 31.50%, which is a significant increase. This suggests that the company's sales have been consistently improving over the past year.
Based on these financial results, MarketsMOJO has given a 'Sell' call for Bhakti Gems' stock. This means that the company's stock is currently not performing well and investors may want to consider selling their shares.
Overall, while the financial performance for the quarter may have been flat, there are some positive indicators for Bhakti Gems. However, it is important for investors to carefully consider their options before making any decisions regarding the company's stock.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
