Is Modern Shares and Stockbrokers Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Modern Shares and Stockbrokers Ltd (509760.BO) is currently classified as NOT HALAL as of July 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 Modern Shares and Stockbrokers 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 Modern Shares and Stockbrokers Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Modern Shares and Stockbrokers Ltd?

Muslim investors may consider investing in Modern Shares and Stockbrokers 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 Modern Shares and Stockbrokers Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Modern Shares and Stockbrokers 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 Modern Shares and Stockbrokers Ltd updated?

The Shariah compliance status of Modern Shares and Stockbrokers Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Modern Shares and Stockbrokers 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 Modern Shares and Stockbrokers Ltd?

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

Modern Shares and Stockbrokers Ltd 509760.BO

₹28.22 ₹3.17 (10.10%) 1D

Last Updated: May 15, 12:00 AM·BSE

509760.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2024

Report Source: 2024 Annual Report

Modern Shares and Stockbrokers Ltd. Stock Analysis 509760.BO

India Financials Nano Cap Report: 2024 Annual

Modern Shares & Stockbrokers Ltd. provides share broking and other financial related services. The firm offers a range of services covering retail broking, mutual fund distribution, research and advisory services. Its retail broking business caters to the needs of individual Indian and non-resident Indian (NRI) investors. The company offers dealer-assisted trade execution and access to all initial public offerings (IPOs). The company offers the purchase and sale of securities, which include equity and derivatives instruments listed on the National Stock Exchange of India Ltd (NSEIL), Bombay Stock Exchange Limited (BSE). Its mutual fund distribution business provides advice on selecting mutual fund schemes. The company provides intraday technical levels for all the BSE and NSE listed scrips. For swing trading clients, it provides technical levels by using specialist technical tools to catch every swing in the market. The firm also offers Market Wizard, a bi-monthly newsletter.

Key Statistics of Modern Shares and Stockbrokers Ltd (509760.BO)

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

Today's Range

₹27.66₹31.40

Today's Open

₹31.39

Volume

924.00

P/E Ratio (TTM)

45.23

52 Week Range

₹24.70₹53.00

Market Cap

83.69M

Avg. Volume

1764.09

Dividend Yield

Financial Metrics & Statements of Modern Shares and Stockbrokers Ltd (509760.BO)

FAQ's for Modern Shares and Stockbrokers Ltd (509760.BO)

According to Musaffa’s Shariah screening methodology, Modern Shares and Stockbrokers Ltd (509760.BO) is currently classified as NOT HALAL as of July 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.