Is COSYN Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, COSYN Ltd (538922.BO) is currently classified as NOT HALAL 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 COSYN 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 COSYN Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of COSYN Ltd?

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

Musaffa determines the Shariah status of COSYN 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 COSYN Ltd updated?

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

Can a halal stock like COSYN 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 COSYN Ltd?

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

COSYN Ltd 538922.BO

₹21.95 ₹0.63 (2.95%) 1D

Last Updated: May 15, 12:00 AM·BSE

538922.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2024

Report Source: 2024 Annual Report

COSYN Ltd. Stock Analysis 538922.BO

India Information Technology Nano Cap Report: 2024 Annual

COSYN Ltd. engages in the provision of information technology services. The company is headquartered in Hyderabad, Telangana and currently employs 536 full-time employees. The company went IPO on 2000-05-15. The firm is engaged in offering a full range of software outsourcing services from end-to-end development of new software and Web solutions, enterprise application services, re-engineering and enhancement of legacy applications, application integration and maintenance, BPO/ITES services for utilities, e-governance, BFSI, retail and DMS. Its area of focus includes digital transformation, cloud services, connected experiences, intelligent automation, and augmented intelligence. Its products include digiMoolyankan, timeFrank, WellToDesk and smart utilities - Internet of things (IoT). Its timeFrank product is a cloud-based time and attendance tracking application that powers an attendance and shift scheduling system. timeFrank is an artificial intelligence-based attendance system that helps organizations automate the aspects of staff management processes.

Key Statistics of COSYN Ltd (538922.BO)

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

Today's Range

₹21.00₹21.96

Today's Open

₹21.32

Volume

1239.00

P/E Ratio (TTM)

102.62

52 Week Range

₹18.65₹29.48

Market Cap

169.38M

Avg. Volume

5276.14

Dividend Yield

Financial Metrics & Statements of COSYN Ltd (538922.BO)

FAQ's for COSYN Ltd (538922.BO)

According to Musaffa’s Shariah screening methodology, COSYN Ltd (538922.BO) is currently classified as NOT HALAL 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.