National Oxygen's Financial Results Show Decline, Receives 'Sell' Call from MarketsMOJO

National Oxygen, a microcap company in the industrial gases and fuels industry, recently announced its financial results for the quarter ending in June 2024. The results, declared on August 13, have received a 'Sell' call from MarketsMOJO.

According to the financial report, National Oxygen has seen a flat performance in the quarter, with a score of -5 compared to -3 in the previous three months. This indicates a decline in the company's financial health.

One of the major factors contributing to this decline is the net sales for the quarter, which were at their lowest in the last five quarters at Rs 10.57 crore. The trend for near-term sales is also negative. Additionally, the net sales for the quarter have fallen by -6.6% compared to the average net sales of the previous four quarters, which were at Rs 11.31 crore. This further highlights the negative sales trend for the company.

Furthermore, the profit before tax less other income (PBT) for the quarter was at its lowest in the last five quarters at Rs -1.31 crore. This indicates a negative trend for the near-term PBT of the company.

Based on these financial results, MarketsMOJO has given a 'Sell' call for National Oxygen. The company will need to address these issues and work towards improving its financial performance in the upcoming quarters.