Is Gravity (India) Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Gravity (India) Ltd (532015.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 Gravity (India) 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 Gravity (India) Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Gravity (India) Ltd?

Muslim investors may consider investing in Gravity (India) 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 Gravity (India) Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Gravity (India) 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 Gravity (India) Ltd updated?

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

Can a halal stock like Gravity (India) 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 Gravity (India) Ltd?

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

Gravity (India) Ltd 532015.BO

₹17.19

Last Updated: May 15, 12:00 AM·BSE

532015.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 30, 2024

Report Source: 2024 3rd Quarter Report

Gravity (India) Ltd. Stock Analysis 532015.BO

India Consumer Discretionary Nano Cap Report: Q3, 2024

Gravity (India) Ltd. engages in the manufacture and marketing of textile products. The company is headquartered in Mumbai, Maharashtra and currently employs 30 full-time employees. The company went IPO on 2001-03-12. The firm is engaged in the business of fabrics and garments. The company operates in the textile industry segment.

Key Statistics of Gravity (India) Ltd (532015.BO)

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

Today's Range

₹17.19₹17.19

Today's Open

₹17.19

Volume

7881.00

P/E Ratio (TTM)

52 Week Range

₹4.50₹20.04

Market Cap

964.99M

Avg. Volume

286.04K

Dividend Yield

Financial Metrics & Statements of Gravity (India) Ltd (532015.BO)

FAQ's for Gravity (India) Ltd (532015.BO)

According to Musaffa’s Shariah screening methodology, Gravity (India) Ltd (532015.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.