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Umiya Tubes Outperforms Sector and Sensex, Despite 'Strong Sell' Rating
Umiya Tubes, a microcap company in the iron and steel industry, has received a 'Strong Sell' rating by MarketsMOJO. However, the company's stock has seen a positive start to the day with a 6.4% gain, outperforming the sector by 5.2%. Umiya Tubes has also shown strong performance compared to the Sensex, indicating potential for growth in the industry.
Umiya Tubes' Q3 Financial Results Decline
Umiya Tubes, a microcap company in the iron and steel industry, has reported a 75.00% decline in net sales and a 53.33% decrease in standalone net profit for the quarter ended September 2023. The company's operating profit (PBDIT) showed a growth of 71.43%, but interest expenses increased by 33.33%. MarketsMOJO has given a 'Strong Sell' call for the company's stock.
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