Longspur Intl's Q1 Financial Results Receive 'Strong Sell' Rating from MarketsMOJO

Longspur International Ventures, a microcap trading company, has recently announced its financial results for the quarter ending March 2024. The results, declared on May 31, 2024, have received a 'Strong Sell' rating from MarketsMOJO.

According to the financial report, Longspur Intl has shown a flat performance in the quarter, with a score of 1 out of 10. This is a significant decrease from the previous quarter's score of 6 out of 10.

Despite the overall decline, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the nine-month period ending March 2024 has increased to Rs 0.29 crore, compared to the previous 12-month period's PAT of Rs 0.07 crore. Additionally, the company has already surpassed its sales from the previous 12 months in just nine months.

While the financial performance may not be as strong as expected, it is important to note that Longspur Intl is a microcap company, which means it has a smaller market capitalization compared to larger companies. This can lead to more volatility in its stock performance.

Investors should carefully consider all factors before making any decisions regarding Longspur Intl's stock. It is always recommended to do thorough research and consult with a financial advisor before making any investment decisions.