Kaira Can Company's Financial Results Receive 'Strong Sell' Rating from MarketsMOJO

Kaira Can Company, a microcap packaging company, recently announced its financial results for the quarter ending March 2024. The results, declared on May 24, have received a 'Strong Sell' call from MarketsMOJO.

According to the financial report, Kaira Can has seen a negative performance in the quarter, with a score of -6 compared to -3 in the previous quarter. This indicates a decline in the company's overall financial health.

One of the major factors contributing to this decline is the Profit Before Tax (PBT) less Other Income, which has fallen by 58.15% year on year to Rs 0.77 crore. The near-term trend for PBT is also negative. Similarly, the Profit After Tax (PAT) for the nine-month period has shown a decline of 31.38% year on year to Rs 2.23 crore. The near-term trend for PAT is also negative.

In terms of sales, Kaira Can has reported a growth of -6.98% year on year for the quarter, with net sales of Rs 54.40 crore. The near-term trend for sales is also negative.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Kaira Can's stock. Investors are advised to carefully consider these factors before making any investment decisions.