Shri Bajrang Alliance Reports Negative Performance in Q1, Receives 'Strong Sell' Rating
Shri Bajrang Alliance, a microcap company in the iron and steel industry, 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, Shri Bajrang Alliance has seen a negative performance in the quarter, with a score of -8 compared to 14 in the previous quarter. This indicates a decline in the company's financial health.
One of the major factors contributing to this decline is the Profit Before Tax (PBT) which has fallen by -233.3% to Rs -0.18 crore, compared to the average PBT of Rs 0.14 crore in the previous four quarters. This shows a very negative trend in the near term for the company's PBT.
Similarly, the Profit After Tax (PAT) has also seen a decline of -32.9% to Rs 6.96 crore, compared to the average PAT of Rs 10.37 crore in the previous four quarters. The company's net sales have also fallen by -8.4% to Rs 130.49 crore, compared to the average net sales of Rs 142.48 crore in the previous four quarters.
The company's earnings per share (EPS) for the quarter is at its lowest in the last five quarters, at Rs 7.73. This indicates a declining profitability and lower earnings for shareholders.
Based on these financial results, MarketsMOJO has given a 'Strong Sell' rating for Shri Bajrang Alliance's stock. Investors should carefully consider these factors before making any investment decisions.
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