Is Amalgamated Electricity Company Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Amalgamated Electricity Company Ltd (501622.BO) is currently classified as NOT HALAL as of May 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Amalgamated Electricity Company Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Amalgamated Electricity Company Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Amalgamated Electricity Company Ltd?

Muslim investors may consider investing in Amalgamated Electricity Company Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Amalgamated Electricity Company Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Amalgamated Electricity Company Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Amalgamated Electricity Company Ltd updated?

The Shariah compliance status of Amalgamated Electricity Company Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Amalgamated Electricity Company Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Amalgamated Electricity Company Ltd?

You can check the latest Shariah compliance status of Amalgamated Electricity Company Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Amalgamated Electricity Company Ltd 501622.BO

₹64.51 ₹4.30 (7.14%) 1D

Last Updated: May 15, 12:00 AM·BSE

501622.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 15, 2024

Report Source: 2024 3rd Quarter Report

Amalgamated Electricity Company Ltd. Stock Analysis 501622.BO

India Financials Nano Cap Report: Q3, 2024

Amalgamated Electricity Co. Ltd. engages in the provision of consultancy and management services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2010-05-17. The firm is engaged in the business of manufacturing, importing, exporting, contracting, supplying, engineering, hiring, dealing and distributing for industrial, commercial or domestic purposes, equipment, apparatus, accessories and spare parts of all kinds of electrical, electronic and wireless equipment for generation, distribution, transmission, control and utilization of electrical, atomic or any other energy, hydraulic, mechanical, pneumatic, aviation, refrigeration, air-conditioning equipment’s, apparatus, accessories and spare parts thereof, office equipment’s, wire and cables in all their branches.

Key Statistics of Amalgamated Electricity Company Ltd (501622.BO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

₹60.21₹64.51

Today's Open

₹60.21

Volume

441.00

P/E Ratio (TTM)

52 Week Range

₹38.90₹110.50

Market Cap

124.97M

Avg. Volume

81.47

Dividend Yield

Financial Metrics & Statements of Amalgamated Electricity Company Ltd (501622.BO)

FAQ's for Amalgamated Electricity Company Ltd (501622.BO)

According to Musaffa’s Shariah screening methodology, Amalgamated Electricity Company Ltd (501622.BO) is currently classified as NOT HALAL as of May 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.