Palm Jewels Reports Positive Financial Performance Despite 'Sell' Call from MarketsMOJO

Palm Jewels, a microcap company in the jewellery industry, has recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Sell' call by MarketsMOJO.

Despite the negative outlook from MarketsMOJO, Palm Jewels has shown positive financial performance in the quarter. The company's score has fallen from 11 to 7 in the last 3 months, indicating a slight decline but still a positive overall performance.

One of the key factors contributing to Palm Jewels' positive performance is its operating profit (PBDIT), which has been the highest in the last five quarters at Rs 0.60 crore. The near-term trend for operating profit is also positive, indicating potential for continued growth.

Similarly, the company's profit before tax less other income (PBT) has also been the highest in the last five quarters at Rs 0.59 crore. The near-term trend for PBT is also positive, suggesting a strong financial position for the company.

Palm Jewels' profit after tax (PAT) has also seen a significant increase, with the highest in the last five quarters at Rs 0.56 crore. The near-term trend for PAT is positive, indicating a strong bottom line for the company.

Furthermore, the company's earnings per share (EPS) have also been the highest in the last five quarters at Rs 0.56. This shows that Palm Jewels has been able to create higher earnings for its shareholders, indicating a positive outlook for the company's future.

Overall, Palm Jewels has shown a strong financial performance in the quarter ending June 2024, with positive trends in key financial indicators. While MarketsMOJO may have given a 'Sell' call for the company's stock, the financial results suggest a potential for growth and profitability for Palm Jewels.