Is Innocorp Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Innocorp Ltd (531929.BO) is currently classified as NOT HALAL as of February 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 Innocorp 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 Innocorp Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Innocorp Ltd?

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

Musaffa determines the Shariah status of Innocorp 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 Innocorp Ltd updated?

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

Can a halal stock like Innocorp 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 Innocorp Ltd?

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

Innocorp Ltd 531929.BO

₹4.45 ₹0.23 (4.91%) 1D

Last Updated: May 11, 12:00 AM·BSE

531929.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 03, 2024

Report Source: 2024 2nd Quarter Report

Innocorp Ltd. Stock Analysis 531929.BO

India Consumer Staples Nano Cap Report: Q2, 2024

Innocorp Ltd. engages in the manufacture of injection molded plastic products of house hold and industrial use. The company is headquartered in Hyderabad, Telangana and currently employs 2 full-time employees. The firm is a manufacturer of injection molded plastic products of household and industrial use. The firm is focused on injection molded plastics and specializes in processing of all grades of polypropylene (PP), polycarbonate (PC), polyethylene (PE), nylon, and acrylonitrile butadiene styrene (ABS). The company provides contract manufacturing services. Its capabilities include manufacturing of water cooler components, containers, molded furniture (chairs, tables and stools), fruit/vegetable crates as well as pallets.

Key Statistics of Innocorp Ltd (531929.BO)

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

Today's Range

₹4.43₹4.68

Today's Open

₹4.68

Volume

3351.00

P/E Ratio (TTM)

52 Week Range

₹4.43₹6.68

Market Cap

41.84M

Avg. Volume

2044.25

Dividend Yield

Financial Metrics & Statements of Innocorp Ltd (531929.BO)

FAQ's for Innocorp Ltd (531929.BO)

According to Musaffa’s Shariah screening methodology, Innocorp Ltd (531929.BO) is currently classified as NOT HALAL as of February 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.