Hindustan Adhesives Reports Strong Financial Results for Q1 2024, Receives 'Hold' Rating from MarketsMOJO
Hindustan Adhesives, a microcap company in the plastic products industry, has reported a positive performance in the quarter ending March 2024. Its score has increased significantly in the last 3 months, with a higher Profit After Tax (PAT) for the first half of 2024 compared to the previous year. MarketsMojo has given a 'Hold' call for the company's stock.
Hindustan Adhesives, a microcap company in the plastic products industry, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform. According to the financial report, Hindustan Adhesives has shown a positive performance in the quarter, with its score increasing from 27 to 7 in the last 3 months. This is a significant improvement for the company.
One of the key factors contributing to this positive performance is the company's Profit After Tax (PAT) for the half-yearly period. The PAT for the first half of 2024 is higher at Rs 8.31 crore compared to the preceding 12-month period ending in March 2024, which was Rs 8.05 crore. This indicates a strong growth in profits for the company, as it has already surpassed its PAT for the entire previous year in just six months.
Overall, Hindustan Adhesives has shown promising financial results for the quarter ending March 2024. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this microcap company in the plastic products industry.
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