Is Varun Mercantile Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Varun Mercantile Ltd (512511.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 Varun Mercantile 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 Varun Mercantile Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Varun Mercantile Ltd?

Muslim investors may consider investing in Varun Mercantile 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 Varun Mercantile Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Varun Mercantile 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 Varun Mercantile Ltd updated?

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

Can a halal stock like Varun Mercantile 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 Varun Mercantile Ltd?

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

Varun Mercantile Ltd 512511.BO

₹1.08

Last Updated: Oct 27, 12:00 AM·BSE

512511.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2024

Report Source: 2024 Annual Report

Varun Mercantile Ltd. Stock Analysis 512511.BO

India N/A Nano Cap Report: 2024 Annual

Varun Mercantile Ltd. engages in the trading of general commodities. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2011-06-27. The firm is engaged in the trading of general commodities.

Key Statistics of Varun Mercantile Ltd (512511.BO)

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

Today's Range

₹1.08₹1.08

Today's Open

₹1.08

Volume

500.00

P/E Ratio (TTM)

1.66

52 Week Range

₹1.08₹1.08

Market Cap

2.15M

Avg. Volume

8.67

Dividend Yield

Financial Metrics & Statements of Varun Mercantile Ltd (512511.BO)

FAQ's for Varun Mercantile Ltd (512511.BO)

According to Musaffa’s Shariah screening methodology, Varun Mercantile Ltd (512511.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.