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Mohit Industries Limited
Share Price Target & Analysis

NSE:MOHITIND

21.52

VWAP

21.40

Open

21.2

Close

21.90

High

21.00

Low

24.85

52 Week High

21.65 ⇧
0.25 (1.17%)

MOHITIND

(TEXTILES)
72.8% Momentum

Sideways to Positive

13.10

52 Week Low

-

EPS

2.71

PE

0.8

PB

Uncertain
Quality

Unclear
Valuation

#Analysis

NSE: MOHITIND Share Price Financial Analysis & Valuation

Mohit Industries Limited (MOHITIND) is broadly categorized in TEXTILES segment industry which deals in Textiles - Processing vertical. It is one of Penny Stocks company with Market Capitalization of Rs 26.3 (in Cr). Total number of free float shares are 1.4 (in Lacs). Mohit Industries Limited is listed on NSE with Exchange ID - INE954E01012 and trading code is NSE:MOHITIND with short name Mohit Ind.

In the past 1 year, Mohit Industries Limited has declared an equity dividend of Rs 0 per share. At the current share price of MOHITIND at Rs 21.65, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:MOHITIND, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine MOHITIND underlying value and future prospects. All of this data is available in MOHITIND financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:MOHITIND, it is clearly understood that MOHITIND is Uncertain performer in terms of earnings and profit margins with an EPS of -. NSE:MOHITIND book value per share as of today is 27.17. The current price to book ratio for MOHITIND as of May 18, 2024 is 0.8.

Valuation of the Stock: The current valuation of MOHITIND stock is like Unclear which means currently the stock is Confusing. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of MOHITIND whether to BUY this stock at current valuation. The delivery percentage of MOHITIND is 66.87% is very crucial parameter which shows that 66.87% investors are anticipating that the price of MOHITIND share should go up with VWAP at 21.52.

Now, the main question is whether to BUY or SELL, NSE:MOHITIND at current valuation.
As per latest Analysis No. #461:-

⇑ STRONG BUY MOHITIND if All Greens

⇗ BUY MOHITIND (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD MOHITIND (With Stop Loss) if only 1 Green

⇘ SELL MOHITIND if NO Green Indicator

NSE: MOHITIND Share Price Today (May 18, 2024)

(Mohit Industries Limited Daily Analysis on the basis of MOHITIND Intraday Graph & Trend)

Mohit Industries Limited share price moved Up by 1.17% from its previous close of Rs 21.2. MOHITIND stock last traded price is 21.65. MOHITIND share price trend is Up with a total of 3114 stocks traded till now. It has touched an intraday high of Rs 21.90 and an intraday low of Rs 21.00. The MOHITIND trading at 21.65, Up by Rs. 0.25, or 1.17 percent which suggests that most of the Traders are anticipating that the price of MOHITIND share should go Up.

NSE: MOHITIND Share Price Tomorrow Prediction

(Mohit Industries Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MOHITIND)

Mohit Industries Limited share price moved Up by 1.17%. MOHITIND share price short term trend is Up. It suggests that MOHITIND Share Price for Tomorrow remains the same with VWAP at 21.52 will be treated as stop loss for intraday traders. Mohit Industries Limited Long term investors can follow the MOHITIND long term trend as mentiond in future forecast table.

NSE Code

NSE: MOHITIND

MOHITIND Share Price Today

 21.65

MOHITIND Share Price Target Prediction for 2024 ^

 18.3 - 25

MOHITIND Share Price Target Prediction for 2025*^

 25 - 26

MOHITIND Share Price Target Prediction for 2026*^

 26 - 27.3

MOHITIND Share Price Target Prediction for 2027*^

 29

MOHITIND Share Price Target Prediction for 2028*^

 29

MOHITIND Share Price Target Prediction for 2030*^

 31
MOHITIND Current Book Value 2023
27

*Mohit Industries Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^MOHITIND share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

MOHITIND Technical Analysis

Candlestick Pattern: @21.9

MOHITIND Moving Averages

BUY (8) NEUTRAL (0) SELL (6)
MA Simple Action S1 Expo Action E2
MA_5 21.97 SELL 22.02 SELL
MA_12 22.27 SELL 22.12 SELL
MA_20 22.28 SELL 22.01 SELL
MA_32 21.5 BUY 21.75 BUY
MA_50 21.11 BUY 21.51 BUY
MA_100 21.36 BUY 20.92 BUY
MA_200 18.91 BUY 19.47 BUY

MOHITIND Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 22.28 Downtrend
MACD -0.13 SELL
ADX 33.32 Strong Trend
DMI (+/-) 17.98 / 11.81 Uptrend

MOHITIND Momentum Oscillators

BUY (0) NEUTRAL (10) SELL (2)
Momentum Oscillators Value Action
RSI 50.22 Neutral
STOCHASTIC_K (Fast) 41.28 Neutral
STOCHASTIC_D (Slow) 32.82 Neutral
CCI -92.32 Neutral
PSAR 23.4 SELL
TRUE RANGE 1.4 Neutral
ATR 1.3 Neutral
WILLIAMS R -68.66 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 58.98 Neutral
STOCHASTIC RSI D 36.55 Neutral
MOMENTUM -0.7 SELL

MOHITIND Last 1 Year Trend

Duration Value
1 Year 29.2%
3 Months -2.88%
1 Month -3.1%
1 Week -3.95%

MOHITIND Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 33%
NEUTRAL / HOLD 33%
SELL 33%

Most popular Questions & Answers about MOHITIND


Mohit Industries Limited stock last traded price is 21.65. MOHITIND share price moved Up by 1.17% from its previous close of Rs 21.2.

Mohit Industries Limited share price trend is Up with a total of 3114 stocks traded till now. It has touched an intraday high of Rs 25.0985 and an intraday low of Rs 21.00. The MOHITIND trading at 21.65, Up by Rs. 0.25, or 1.17 percent which suggests that most of the Traders are anticipating that the price of MOHITIND share should go Up and the Stop Loss will be around 21.52.

The market cap of Mohit Industries Limited is ₹26.3 (in Cr) as of May 17, 2024.

The current price to earning ratio for Mohit Industries Limited as of May 17, 2024 is 2.71.

The current price to book ratio for Mohit Industries Limited as of May 17, 2024 is 0.8.

The highest price of Mohit Industries Limited stock is ₹24.85 in the last 52-week.

The lowest price of Mohit Industries Limited stock is ₹13.10 in the last 52-week.

Mohit Industries Limited share trading at ₹21.65, Up by Rs. 0.25, or 1.17 percent which suggests that most of the traders are anticipating that the price of MOHITIND share should go Up.

In 2023, Stock price target for Mohit Industries Limited (MOHITIND) are ₹18.3 on downside and ₹25 on upside. Mohit Industries Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Mohit Industries Limited (MOHITIND) are ₹25 on downside and ₹26 on upside. Mohit Industries Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Mohit Industries Limited (MOHITIND) are ₹26 on downside and ₹27.3 on upside. Mohit Industries Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Mohit Industries Limited (MOHITIND) will be around ₹29 Mohit Industries Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MOHITIND.

As per the fundamental analysis of Mohit Industries Limited (MOHITIND), it is of Uncertain quality in terms of earnings and profit margins with an EPS of 0. Mohit Industries Limited book value per share as of today is 27.17. The current price to book ratio for MOHITIND as of May 18, 2024 is 0.8.


NSE:MOHITIND News & Other Useful Information about MOHITIND Share Price


Peer Comparison of NSE: MOHITIND

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Textiles - Processing

Company Price EPS BV
LUXIND 1576.95 36.67 486.5
GANECOS 1105.50 23.15 259.15
AYMSYNTEX 90.70 0 82.91
SARLAPOLY 94.05 4.45 56.1
WEIZMANIND 123.65 5.42 35.54
RAJRILTD 22.10 0.05 1.42
MOHITIND 21.65 0 27.17
RAJRAYON 22.10 0.05 1.42
Updated at: 17 May 2024 15:51

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