Is Net Avenue Technologies Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Net Avenue Technologies Ltd (CBAZAAR.NS) is currently classified as 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 Net Avenue Technologies 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 Net Avenue Technologies Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Net Avenue Technologies Ltd?

Muslim investors may consider investing in Net Avenue Technologies 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 Net Avenue Technologies Ltd classified as HALAL?

Musaffa determines the Shariah status of Net Avenue Technologies 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 Net Avenue Technologies Ltd updated?

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

Can a halal stock like Net Avenue Technologies 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 Net Avenue Technologies Ltd?

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

Net Avenue Technologies Ltd CBAZAAR.NS

₹4.35

Last Updated: May 15, 12:00 AM·NSE

CBAZAAR.NS Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: July 16, 2024

Report Source: 2024 Annual Report

Net Avenue Technologies Ltd. Stock Analysis CBAZAAR.NS

India Consumer Discretionary Nano Cap Report: 2024 Annual

Net Avenue Technologies Ltd. engages in online digital direct-to-consumer business for Indian ethnic wear and accessories. The company is headquartered in Chennai, Tamil Nadu and currently employs 58 full-time employees. The company went IPO on 2023-12-08. The firm sells designer clothes and accessories online. The firm also has a presence in international cross-border e-commerce direct-to-consumer for its products. Its product range includes Indian ethnic wear and accessories for women, men, teens and kids. The firm sells Indian Ethnic wear and accessories, primarily catering to the South Asian Diaspora. The firm also distributes its products through various prominent e-commerce platforms, including but not limited to Myntra, Nykaa, and Ajio, among others. The firm's direct-to-consumer approach serves customers from many countries. The firm serves mainly the United States, the United Kingdom, Australia, and Canada. The company has launched cbazaar.com and homeIndia.com in the retail space.

Key Statistics of Net Avenue Technologies Ltd (CBAZAAR.NS)

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

Today's Range

₹4.35₹4.35

Today's Open

₹4.35

Volume

40.00K

P/E Ratio (TTM)

52 Week Range

₹3.05₹8.00

Market Cap

106.20M

Avg. Volume

27.20K

Dividend Yield

Financial Metrics & Statements of Net Avenue Technologies Ltd (CBAZAAR.NS)

FAQ's for Net Avenue Technologies Ltd (CBAZAAR.NS)

According to Musaffa’s Shariah screening methodology, Net Avenue Technologies Ltd (CBAZAAR.NS) is currently classified as 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.