Is Palm Jewels Limited halal to invest in?

According to Musaffa's Shariah screening methodology, Palm Jewels Limited (541444.BO) is currently classified as DOUBTFUL as of September 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 Palm Jewels Limited 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 Palm Jewels Limited using these criteria to determine its compliance status.

Can Muslims buy shares of Palm Jewels Limited?

Muslim investors may consider investing in Palm Jewels Limited 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 Palm Jewels Limited classified as DOUBTFUL?

Musaffa determines the Shariah status of Palm Jewels Limited 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 Palm Jewels Limited updated?

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

Can a halal stock like Palm Jewels Limited 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 Palm Jewels Limited?

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

Palm Jewels Limited 541444.BO

₹15.91 ₹0.56 (3.40%) 1D

Last Updated: May 15, 12:00 AM·BSE

541444.BO Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: September 18, 2024

Report Source: 2025 1st Quarter Report

Palm Jewels Limited. Stock Analysis 541444.BO

India Industrials Nano Cap Report: Q1, 2025

Palm Jewels Ltd. engages in the trading of gold and silver bullion and jewellery. The company is headquartered in Ahmedabad, Gujarat. The company went IPO on 2018-06-12. The firm sells gold-based chains, silver ornaments, bracelets and necklaces. The firm outsources the manufacturing of its jewelry through job workers based in Ahmedabad and Mumbai. The raw material used for making its products is gold and silver. The company procures gold and silver through the bullion market and partially from the local markets in Ahmedabad. Its jewelry is widely sold throughout Gujarat only through business to business (B2B) marketing and/ or direct/outbound marketing strategy. Its products include gold chain, gold lucky, silver payal, silver zuda, and silver baccha items. Its gold lucky products include hollow lucky, cartier lucky, casting lucky, ladies lucky and lotus lucky. Its silver payal products include Jain 6T Payal, Antique Payal, JO 70 Payal, JO 100 Payal and Jain 7T Payal. Its silver baccha item products include kadli and baccha payal.

Key Statistics of Palm Jewels Limited (541444.BO)

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

Today's Range

₹15.52₹16.47

Today's Open

₹16.47

Volume

5910.00

P/E Ratio (TTM)

29.83

52 Week Range

₹14.25₹32.90

Market Cap

173.57M

Avg. Volume

3270.77

Dividend Yield

Financial Metrics & Statements of Palm Jewels Limited (541444.BO)

FAQ's for Palm Jewels Limited (541444.BO)

According to Musaffa’s Shariah screening methodology, Palm Jewels Limited (541444.BO) is currently classified as DOUBTFUL as of September 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.