Is 7NR Retail Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, 7NR Retail Ltd (540615.BO) is currently classified as NOT HALAL as of February 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 7NR Retail 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 7NR Retail Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of 7NR Retail Ltd?

Muslim investors may consider investing in 7NR Retail 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 7NR Retail Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of 7NR Retail 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 7NR Retail Ltd updated?

The Shariah compliance status of 7NR Retail Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like 7NR Retail 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 7NR Retail Ltd?

You can check the latest Shariah compliance status of 7NR Retail Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

7NR Retail Ltd 540615.BO

₹5.23 ₹0.13 (2.55%) 1D

Last Updated: May 15, 12:00 AM·BSE

540615.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 05, 2024

Report Source: 2024 1st Quarter Report

7NR Retail Ltd. Stock Analysis 540615.BO

India Consumer Discretionary Nano Cap Report: Q1, 2024

7NR Retail Ltd. engages in the trading of textiles. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2017-07-18. The firm is engaged in trading of textiles and is under a retail chain model. The firm mainly deals in the business of branding and selling readymade garments, suiting-shirting, fabrics and all other textile products.

Key Statistics of 7NR Retail Ltd (540615.BO)

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

Today's Range

₹5.10₹5.50

Today's Open

₹5.10

Volume

56.70K

P/E Ratio (TTM)

47.68

52 Week Range

₹2.75₹8.33

Market Cap

108.27M

Avg. Volume

169.47K

Dividend Yield

Financial Metrics & Statements of 7NR Retail Ltd (540615.BO)

FAQ's for 7NR Retail Ltd (540615.BO)

According to Musaffa’s Shariah screening methodology, 7NR Retail Ltd (540615.BO) is currently classified as NOT HALAL as of February 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.