Is Groarc Industries India Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Groarc Industries India Ltd (532315.BO) is currently classified as HALAL as of March 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 Groarc Industries 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 Groarc Industries India Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Groarc Industries India Ltd?

Muslim investors may consider investing in Groarc Industries 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 Groarc Industries India Ltd classified as HALAL?

Musaffa determines the Shariah status of Groarc Industries 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 Groarc Industries India Ltd updated?

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

Can a halal stock like Groarc Industries 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 Groarc Industries India Ltd?

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

Groarc Industries India Ltd 532315.BO

₹6.70 ₹0.60 (8.22%) 1D

Last Updated: May 15, 12:00 AM·BSE

532315.BO Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: March 29, 2024

Report Source: 2024 3rd Quarter Report

Groarc Industries India Ltd. Stock Analysis 532315.BO

India N/A Nano Cap Report: Q3, 2024

Groarc Industries India Ltd. engages in the provision of software and information technology services. The company is headquartered in Chennai, Tamil Nadu. The company went IPO on 2000-08-25. The firm intends to follow the infrastructure and government sponsored projects in future as well as petroleum business. The company operates in only one segment, which is Information technology.

Key Statistics of Groarc Industries India Ltd (532315.BO)

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

Today's Range

₹6.32₹7.30

Today's Open

₹7.30

Volume

2624.00

P/E Ratio (TTM)

15.22

52 Week Range

₹4.92₹14.22

Market Cap

114.99M

Avg. Volume

9316.09

Dividend Yield

Financial Metrics & Statements of Groarc Industries India Ltd (532315.BO)

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FAQ's for Groarc Industries India Ltd (532315.BO)

According to Musaffa’s Shariah screening methodology, Groarc Industries India Ltd (532315.BO) is currently classified as HALAL as of March 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.