IVP's Stock Receives 'Sell' Rating from MarketsMOJO, Despite Positive Financial Aspects

MarketsMOJO has given a 'Sell' call for IVP's stock, citing the flat financial performance in the quarter ending Jun 2024. However, there are some positive aspects to the company's financials. The operating cash flow has been consistently growing over the last three years, with the highest annual amount of Rs 45.40 crore. Additionally, the debt-equity ratio has been decreasing over the last five half-yearly periods, indicating a reduction in borrowing compared to equity capital.

On the other hand, the profit after tax (PAT) for the first nine months of the financial year has decreased by 29.15% compared to the previous year. This has led to a negative trend in the near term for PAT. Despite this, IVP remains a microcap company in the chemicals industry, with a declared financial result for the quarter ending Jun 2024 on 2024-08-08.

It is important to note that this article is based solely on the information provided by the company and does not include any external data or sources. It is intended to provide a neutral and informative overview of IVP's financial performance in the given quarter. As always, investors are advised to conduct their own research and analysis before making any investment decisions.