Is Modern Steel Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Modern Steel Ltd (513303.BO) is currently classified as DOUBTFUL 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 Steel 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 Steel Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Modern Steel Ltd?

Muslim investors may consider investing in Modern Steel 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 Steel Ltd classified as DOUBTFUL?

Musaffa determines the Shariah status of Modern Steel 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 Steel Ltd updated?

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

Can a halal stock like Modern Steel 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 Steel Ltd?

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

Modern Steel Ltd 513303.BO

₹13.41 ₹0.54 (4.20%) 1D

Last Updated: May 15, 12:00 AM·BSE

513303.BO Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: July 17, 2024

Report Source: 2024 Annual Report

Modern Steel Ltd. Stock Analysis 513303.BO

India Materials Nano Cap Report: 2024 Annual

Modern Steels Ltd. engages in the manufacturing of steel rolled products. The company is headquartered in Chandigarh, Chandigarh. The firm does not have any business operations. The firm is working out on the future course of business.

Key Statistics of Modern Steel Ltd (513303.BO)

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

Today's Range

₹12.60₹13.43

Today's Open

₹12.87

Volume

3936.00

P/E Ratio (TTM)

1.28

52 Week Range

₹10.35₹21.70

Market Cap

176.02M

Avg. Volume

5223.09

Dividend Yield

Financial Metrics & Statements of Modern Steel Ltd (513303.BO)

FAQ's for Modern Steel Ltd (513303.BO)

According to Musaffa’s Shariah screening methodology, Modern Steel Ltd (513303.BO) is currently classified as DOUBTFUL 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.