NITINSPIN

Nitin Spinners Share Price

₹372.20 +2.8 (0.76%)

21 Nov, 2024 14:33

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Performance

  • Low
  • ₹366
  • High
  • ₹375
  • 52 Week Low
  • ₹293
  • 52 Week High
  • ₹474
  • Open Price₹367
  • Previous Close₹369
  • Volume46,286

Investment Returns

  • Over 1 Month -8.4%
  • Over 3 Month -12.57%
  • Over 6 Month + 6.74%
  • Over 1 Year + 18.16%
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Nitin Spinners Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 13.5
  • PEG Ratio
  • 0.7
  • Market Cap Cr
  • 2,093
  • P/B Ratio
  • 1.8
  • Average True Range
  • 18.82
  • EPS
  • 27.61
  • Dividend Yield
  • 0.7
  • MACD Signal
  • 0.02
  • RSI
  • 36.12
  • MFI
  • 38.44

Nitin Spinners Financials

Nitin Spinners Technicals

EMA & SMA

Current Price
₹372.20
+ 2.8 (0.76%)
pointer
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 16
  • 20 Day
  • ₹398.64
  • 50 Day
  • ₹400.94
  • 100 Day
  • ₹395.31
  • 200 Day
  • ₹375.77

Resistance and Support

377.72 Pivot Speed
  • R3 417.28
  • R2 406.87
  • R1 388.13
  • S1 358.98
  • S2 348.57
  • S3 329.83

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Nitin Spinners Ltd. manufactures high-quality cotton yarn, fabrics, and knitted products. With state-of-the-art production facilities in India, it supplies textiles to both domestic and international markets, serving industries like apparel, home textiles, and technical textiles.

Nitin Spinners has an operating revenue of Rs. 3,176.63 Cr. on a trailing 12-month basis. An annual revenue growth of 21% is outstanding, Pre-tax margin of 6% is okay, ROE of 11% is good. The company has a debt to equity of 71%, which is bit higher. The stock from a technical standpoint is trading below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. It is currently FORMING a base in its weekly chart and is trading around 22% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 90 which is a GREAT score indicating consistency in earnings, a RS Rating of 38 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C+ which is evident from recent supply seen, Group Rank of 75 indicates it belongs to a poor industry group of Apparel-Clothing Mfg and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Nitin Spinners Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-11-07 Quarterly Results
2024-07-22 Quarterly Results
2024-05-09 Audited Results & Final Dividend
2024-01-29 Quarterly Results
2023-11-09 Quarterly Results
Date Purpose Remarks
2022-02-11 INTERIM Rs.1.50 per share(15%)Interim Dividend

Nitin Spinners F&O

Nitin Spinners Shareholding Pattern

56.5%
14.73%
0.74%
22.73%
5.3%

About Nitin Spinners

  • NSE Symbol
  • NITINSPIN
  • BSE Symbol
  • 532698
  • Managing Director
  • Mr. Dinesh Nolkha
  • ISIN
  • INE229H01012

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Nitin Spinners FAQs

Nitin Spinners share price is ₹372 As on 21 November, 2024 | 14:19

The Market Cap of Nitin Spinners is ₹2092.5 Cr As on 21 November, 2024 | 14:19

The P/E ratio of Nitin Spinners is 13.5 As on 21 November, 2024 | 14:19

The PB ratio of Nitin Spinners is 1.8 As on 21 November, 2024 | 14:19

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Q2FY23