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Fraser and Company's Stock Defies MarketsMOJO's Sell Call, Opens with 4.55% Gain
Fraser and Company, a microcap trading company, defied a strong sell call from MarketsMOJO and opened with a 4.55% gain. The stock has been on a consecutive gain streak for the past 2 days, outperforming the sector by 4.83%. It also outperformed the Sensex by 4.51% in the past day and 1.05% in the past month.
Fraser & Company Reports Mixed Financial Results
Fraser & Company, a microcap trading company, reported a 33.33% growth in standalone net profit and a 47.06% improvement in operating profit for the quarter ended September 2023. However, interest growth remained stagnant and operating profit margin fell. MarketsMOJO has given a 'Strong Sell' call, citing flat financial performance and declining net sales. Despite this, Fraser & Company remains a key player in the trading industry with potential for future growth. Investors are advised to do their own research before investing.
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