Is Mystic Electronics Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Mystic Electronics Ltd (535205.BO) is currently classified as NOT HALAL as of April 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 Mystic Electronics 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 Mystic Electronics Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Mystic Electronics Ltd?

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

Musaffa determines the Shariah status of Mystic Electronics 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 Mystic Electronics Ltd updated?

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

Can a halal stock like Mystic Electronics 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 Mystic Electronics Ltd?

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

Mystic Electronics Ltd 535205.BO

₹3.70 ₹0.30 (7.50%) 1D

Last Updated: May 15, 12:00 AM·BSE

535205.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 06, 2024

Report Source: 2024 3rd Quarter Report

Mystic Electronics Ltd. Stock Analysis 535205.BO

India Industrials Nano Cap Report: Q3, 2024

Mystic Electronics Ltd. engages in the procurement and trading of computer hardware and software products. The company is headquartered in Mumbai, Maharashtra and currently employs 3 full-time employees. The company went IPO on 2013-03-18. The firm operates through trading in the electronic products segment. The firm focuses on trading in components, such as high-end servers, low-end servers for thin clients, networking router fiber, networking switches, CTC full NT kit, computer server blades, storage for data and computer systems. The firm is also operating as a Master Logistics Partner (MLP) for Naaptol Online Shopping Private Limited in the state of Maharashtra.

Key Statistics of Mystic Electronics Ltd (535205.BO)

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

Today's Range

₹3.36₹4.32

Today's Open

₹4.00

Volume

52.84K

P/E Ratio (TTM)

7.30

52 Week Range

₹2.67₹5.00

Market Cap

69.29M

Avg. Volume

30.33K

Dividend Yield

Financial Metrics & Statements of Mystic Electronics Ltd (535205.BO)

FAQ's for Mystic Electronics Ltd (535205.BO)

According to Musaffa’s Shariah screening methodology, Mystic Electronics Ltd (535205.BO) is currently classified as NOT HALAL as of April 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.