Bhakti Gems & Jewellery's Q2 financial report shows decline in net sales, receives 'Strong Sell' call

Nov 16 2024 04:44 PM IST
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Bhakti Gems & Jewellery, a microcap company in the diamond and gold jewellery industry, reported a flat performance in the second quarter of fiscal year 2024-2025. The company's net sales declined by 6.62% compared to the same period last year, leading to a 'Strong Sell' call by MarketsMojo and a negative outlook for investors.

Bhakti Gems & Jewellery, a microcap company in the diamond and gold jewellery industry, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO, indicating a negative outlook for investors.

According to the financial report, Bhakti Gems has seen a flat performance in the second quarter of the fiscal year 2024-2025. However, there has been a slight improvement in the company's score, moving from -8 to -3 in the last three months.

One of the major factors contributing to this negative outlook is the decline in net sales. In the September 2024 quarter, the company's net sales stood at Rs 24.67 crore, showing a decrease of 6.62% compared to the same period last year. This indicates a negative trend in the company's sales in the near term.

While Bhakti Gems & Jewellery is a player in the lucrative diamond and gold jewellery industry, its current financial performance may not be meeting market expectations. Investors are advised to carefully consider their options before making any investment decisions related to this microcap company.
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