Is Sagar Diamonds Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sagar Diamonds Ltd (540715.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 Sagar Diamonds 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 Sagar Diamonds Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sagar Diamonds Ltd?

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

Musaffa determines the Shariah status of Sagar Diamonds 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 Sagar Diamonds Ltd updated?

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

Can a halal stock like Sagar Diamonds 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 Sagar Diamonds Ltd?

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

Sagar Diamonds Ltd 540715.BO

₹13.00

Last Updated: Jun 09, 12:00 AM·BSE

540715.BO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 04, 2024

Report Source: 2024 2nd Quarter Report

Sagar Diamonds Ltd. Stock Analysis 540715.BO

India Consumer Discretionary Nano Cap Report: Q2, 2024

The company is headquartered in Mumbai, Gujarat. The company went IPO on 2017-09-26.

Key Statistics of Sagar Diamonds Ltd (540715.BO)

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

Today's Range

₹13.00₹13.00

Today's Open

₹13.00

Volume

3000.00

P/E Ratio (TTM)

52 Week Range

₹12.86₹13.53

Market Cap

164.37M

Avg. Volume

6750.00

Dividend Yield

Financial Metrics & Statements of Sagar Diamonds Ltd (540715.BO)

FAQ's for Sagar Diamonds Ltd (540715.BO)

According to Musaffa’s Shariah screening methodology, Sagar Diamonds Ltd (540715.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.