Kiran Syntex Reports Flat Performance, Positive Financial Trends in Q1 2024

May 30 2024 06:00 PM IST
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Kiran Syntex, a microcap textile company, reported flat performance for the quarter ending March 2024 with a score of 3 out of 4. However, the company's PBT and PAT for the quarter are the highest in the last five quarters, with a positive trend in the near term. Despite this, MarketsMojo has given a 'Strong Sell' rating for the company's stock.
Kiran Syntex, a microcap textile company, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Kiran Syntex's performance for the quarter has remained flat, with a score of 3 out of 4. However, there are some positive aspects to the company's financials.

One of the highlights is the Profit Before Tax less Other Income (PBT) for the quarter, which is the highest in the last five quarters at Rs -0.01 crore. The trend for PBT in the near term is also positive. Similarly, the Profit After Tax (PAT) for the quarter is also the highest in the last five quarters at Rs -0.01 crore, with a positive trend in the near term. The company's Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters at Rs -0.02, indicating an increase in profitability and higher earnings for shareholders.

Despite these positive aspects, MarketsMOJO has given a 'Strong Sell' rating for Kiran Syntex's stock. Investors are advised to carefully consider all factors before making any investment decisions.
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