Is Suncare Traders Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Suncare Traders Ltd (539526.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 Suncare Traders 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 Suncare Traders Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Suncare Traders Ltd?

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

Musaffa determines the Shariah status of Suncare Traders 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 Suncare Traders Ltd updated?

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

Can a halal stock like Suncare Traders 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 Suncare Traders Ltd?

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

Suncare Traders Ltd 539526.BO

₹0.51 ₹0.01 (1.92%) 1D

Last Updated: May 15, 12:00 AM·BSE

539526.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 17, 2024

Report Source: 2024 Annual Report

Suncare Traders Ltd. Stock Analysis 539526.BO

India Industrials Nano Cap Report: 2024 Annual

Suncare Traders Ltd. engages in the trade of laminates, plywood and medium-density fiberboard. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2015-12-29. The firm is mainly engaged in the business of trading in laminates, plywood and apart from trading of solar power generation.

Key Statistics of Suncare Traders Ltd (539526.BO)

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

Today's Range

₹0.50₹0.52

Today's Open

₹0.52

Volume

595.76K

P/E Ratio (TTM)

20.10

52 Week Range

₹0.50₹1.19

Market Cap

137.91M

Avg. Volume

568.60K

Dividend Yield

Financial Metrics & Statements of Suncare Traders Ltd (539526.BO)

FAQ's for Suncare Traders Ltd (539526.BO)

According to Musaffa’s Shariah screening methodology, Suncare Traders Ltd (539526.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.