Nirav Commercial's Financial Performance Shows Decline, MarketsMOJO Gives 'Strong Sell' Call

Despite the negative financial performance in the quarter ending Jun 2024, Nirav Commercial has shown some improvement in its overall score, moving from -9 to -7 in the last 3 months. However, the company's operating cash flow has been consistently declining over the past three years, with the latest annual figure being the lowest at Rs 3.75 crore. This indicates a decrease in cash revenues from business operations.

Moreover, the net sales for the nine-month period ending Jun 2024 have also shown a decline of -20.16% year on year, with the current figure standing at Rs 7.05 crore. This suggests a negative trend in the company's sales performance in the near term.

Similarly, the profit after tax (PAT) for the same period has also decreased by -20.16% year on year, with the current figure at Rs -2.04 crore. This indicates a negative trend in the company's profitability in the near term.

Based on these financial results, MarketsMOJO has given a 'Strong Sell' call for Nirav Commercial's stock. Investors should carefully consider these factors before making any investment decisions.