NIFTY 23907.25 BANK 51135.40

Nitin Spinners Limited
Share Price Target & Analysis

NSE:NITINSPIN

367.33

VWAP

360.85

Open

361.3

Close

379

High

357.1

Low

474

52 Week High

376.85 ⇧
15.55 (4.3%)

NITINSPIN

(TEXTILES)
46.3% Momentum

Turnaround Potential

293

52 Week Low

27.61

EPS

32.08

PE

1.85

PB

Standard
Quality

Bronze
Valuation

#Analysis

NSE: NITINSPIN Share Price Financial Analysis & Valuation

Nitin Spinners Limited (NITINSPIN) is broadly categorized in TEXTILES segment industry which deals in Textiles - Spinning - Cotton Blended vertical. It is one of Small Cap company with Market Capitalization of Rs 1681.3 (in Cr). Total number of free float shares are 5.6 (in Lacs). Nitin Spinners Limited is listed on NSE with Exchange ID - INE229H01012 and trading code is NSE:NITINSPIN with short name Nitin Spinners.

In the past 1 year, Nitin Spinners Limited has declared an equity dividend of Rs 4 per share. At the current share price of NITINSPIN at Rs 376.85, this results in a dividend yield of 1.06 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:NITINSPIN, it is clearly understood that NITINSPIN is Standard performer in terms of earnings and profit margins with an EPS of 27.61. NSE:NITINSPIN book value per share as of today is 203.9. The current price to book ratio for NITINSPIN as of Nov 23, 2024 is 1.85.

Valuation of the Stock: The current valuation of NITINSPIN stock is like Bronze which means currently the stock is Reasonably Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of NITINSPIN whether to BUY this stock at current valuation. The delivery percentage of NITINSPIN is 67.79% is very crucial parameter which shows that 67.79% investors are anticipating that the price of NITINSPIN share should go up with VWAP at 367.33.

Now, the main question is whether to BUY or SELL, NSE:NITINSPIN at current valuation.
As per latest Analysis No. #802:-

⇑ STRONG BUY NITINSPIN if All Greens

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

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

⇘ SELL NITINSPIN if NO Green Indicator

NSE: NITINSPIN Share Price Today (Nov 23, 2024)

(Nitin Spinners Limited Daily Analysis on the basis of NITINSPIN Intraday Graph & Trend)

Nitin Spinners Limited share price moved Up by 4.3% from its previous close of Rs 361.3. NITINSPIN stock last traded price is 376.85. NITINSPIN share price trend is Up with a total of 145590 stocks traded till now. It has touched an intraday high of Rs 379 and an intraday low of Rs 357.1. The NITINSPIN trading at 376.85, Up by Rs. 15.55, or 4.3 percent which suggests that most of the Traders are anticipating that the price of NITINSPIN share should go Up.

NSE: NITINSPIN Share Price Tomorrow Prediction

(Nitin Spinners Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of NITINSPIN)

Nitin Spinners Limited share price moved Up by 4.3%. NITINSPIN share price short term trend is Up. It suggests that NITINSPIN Share Price for Tomorrow remains the same with VWAP at 367.33 will be treated as stop loss for intraday traders. Nitin Spinners Limited Long term investors can follow the NITINSPIN long term trend as mentiond in future forecast table.

NSE Code

NSE: NITINSPIN

NITINSPIN Share Price Today

 376.85

NITINSPIN Share Price Target Prediction for 2024 ^

 307.2 - 407.1

NITINSPIN Share Price Target Prediction for 2025*^

 407.1 - 507.5

NITINSPIN Share Price Target Prediction for 2026*^

 507.5 - 543

NITINSPIN Share Price Target Prediction for 2027*^

 570

NITINSPIN Share Price Target Prediction for 2028*^

 586

NITINSPIN Share Price Target Prediction for 2030*^

 639
NITINSPIN Current Book Value 2023
202.9

*Nitin Spinners Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^NITINSPIN 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.

NITINSPIN Technical Analysis

Candlestick Pattern: @388.8

NITINSPIN Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 397.2 SELL 397.04 SELL
MA_12 408.68 SELL 403.05 SELL
MA_20 405.01 SELL 403.5 SELL
MA_32 399.05 SELL 403.44 SELL
MA_50 401.55 SELL 402.94 SELL
MA_100 409.11 SELL 398 SELL
MA_200 376.08 BUY 375.29 BUY

NITINSPIN Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 405.01 Downtrend
MACD -2.56 SELL
ADX 20.41 NO or Weak Trend
DMI (+/-) 11.93 / 24.91 Downtrend

NITINSPIN Momentum Oscillators

BUY (0) NEUTRAL (5) SELL (7)
Momentum Oscillators Value Action
RSI 43.11 Neutral
STOCHASTIC_K (Fast) 9.53 Oversold
STOCHASTIC_D (Slow) 19.08 Oversold
CCI -110.54 SELL
PSAR 427.44 SELL
TRUE RANGE 11.95 Neutral
ATR 18.53 Neutral
WILLIAMS R -75.19 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 4.58 Oversold
MOMENTUM -19.15 SELL

NITINSPIN Last 1 Year Trend

Duration Value
1 Year 29.47%
3 Months -6.47%
1 Month -4.69%
1 Week -4.22%

NITINSPIN Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 20%
SELL 73%

Most popular Questions & Answers about NITINSPIN


Nitin Spinners Limited stock last traded price is 376.85. NITINSPIN share price moved Up by 4.3% from its previous close of Rs 361.3.

Nitin Spinners Limited share price trend is Up with a total of 145590 stocks traded till now. It has touched an intraday high of Rs 478.74 and an intraday low of Rs 357.1. The NITINSPIN trading at 376.85, Up by Rs. 15.55, or 4.3 percent which suggests that most of the Traders are anticipating that the price of NITINSPIN share should go Up and the Stop Loss will be around 367.33.

The market cap of Nitin Spinners Limited is ₹1681.3 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Nitin Spinners Limited as of Nov 22, 2024 is 32.08.

The current price to book ratio for Nitin Spinners Limited as of Nov 22, 2024 is 1.85.

The highest price of Nitin Spinners Limited stock is ₹474 in the last 52-week.

The lowest price of Nitin Spinners Limited stock is ₹293 in the last 52-week.

Nitin Spinners Limited share trading at ₹376.85, Up by Rs. 15.55, or 4.3 percent which suggests that most of the traders are anticipating that the price of NITINSPIN share should go Up.

In 2023, Stock price target for Nitin Spinners Limited (NITINSPIN) are ₹307.2 on downside and ₹407.1 on upside. Nitin Spinners Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Nitin Spinners Limited (NITINSPIN) are ₹407.1 on downside and ₹507.5 on upside. Nitin Spinners Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Nitin Spinners Limited (NITINSPIN) are ₹507.5 on downside and ₹543 on upside. Nitin Spinners 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 Nitin Spinners Limited (NITINSPIN) will be around ₹586 Nitin Spinners Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of NITINSPIN.

The price of Nitin Spinners Limited (NITINSPIN) shares moved by 4.3%. The short-term trend for NITINSPIN share price is Up. It implies that the share price of NITINSPIN will stay the same tomorrow and that intraday traders should treat VWAP at 367.33 as a stop loss. Investors with a long-term outlook can track NITINSPIN long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of NITINSPIN stock is 331. Compared to the current market price of 376.85 INR, the NITINSPIN stock is Overvalued by 12.2%.

As per the fundamental analysis of Nitin Spinners Limited (NITINSPIN), it is of Standard quality in terms of earnings and profit margins with an EPS of 27.61. Nitin Spinners Limited book value per share as of today is 203.9. The current price to book ratio for NITINSPIN as of Nov 23, 2024 is 1.85.


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


Peer Comparison of NSE: NITINSPIN

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

Sector: Textiles - Spinning - Cotton Blended

Company Price EPS BV
TRIDENT 31.44 0.64 8.46
VTL 439.45 27.47 304.49
ICIL 325.20 15.7 103.38
NITINSPIN 376.85 27.61 203.9
AMBIKCO 1430.85 113.03 1500.25
VISHAL 22.05 1.49 19.75
NAHARPOLY 257.73 2.33 197.21
DCMNVL 90.22 0 4.17
MARALOVER 71.90 0 31.69
GINNIFILA 27.44 0 22.72
Updated at: 22 Nov 2024 15:49

Feel free to contact us, in case of any queries.

SITEMAP 3352
Disclaimer: Published information or data available on the Website may not be current or up to date and also any information or data available on this website may contain inaccuracies and/or typographical errors. Kindly refer any reliable source for its accuracy. If you select any of these stocks for your trades, you do so at your own risk.

Stocks to Watch Today

ADANIENT 2229.90 46.25 (2.12%) | ADANIGREEN 1054.50 -91.20 (-7.96%) | ADANIPORTS 1138.00 23.35 (2.09%) | ADANITRANS 1010.05 -18.55 (-1.8%) | AMBUJACEM 502.60 18.45 (3.81%) | APOLLOHOSP 6902.00 159.50 (2.37%) | ASIANPAINT 2469.75 41.60 (1.71%) | ATGL 611.00 9.10 (1.51%) | AUROPHARMA 1223.00 3.00 (0.25%) | AXISBANK 1141.80 2.65 (0.23%) | BAJAJ-AUTO 9468.00 -37.00 (-0.39%) | BAJAJFINSV 1601.00 31.75 (2.02%) | BAJFINANCE 6720.00 254.35 (3.93%) | BALKRISIND 2763.60 41.65 (1.53%) | BANDHANBNK 170.14 4.28 (2.58%) | BANKBARODA 235.90 7.40 (3.24%) | BEL 280.85 5.40 (1.96%) | BERGEPAINT 477.60 12.10 (2.6%) | BHARTIARTL 1568.40 43.25 (2.84%) | BIOCON 331.60 8.50 (2.63%) | BOSCHLTD 34350.00 241.30 (0.71%) | BPCL 286.00 3.60 (1.27%) | BRITANNIA 4849.95 46.60 (0.97%) | CADILAHC 1100.00 -15.15 (-1.36%) | CIPLA 1485.25 19.75 (1.35%) | COALINDIA 414.10 8.10 (2%) | COLPAL 2718.00 27.70 (1.03%) | DABUR 513.25 7.50 (1.48%) | DIVISLAB 6000.00 22.90 (0.38%) | DLF 803.50 29.55 (3.82%) | DMART 3610.00 -12.90 (-0.36%) | DRREDDY 1214.00 18.65 (1.56%) | EICHERMOT 4980.50 98.40 (2.02%) | GAIL 192.80 4.50 (2.39%) | GLAND 1755.00 -32.00 (-1.79%) | GODREJCP 1190.00 11.30 (0.96%) | GRASIM 2591.00 56.15 (2.22%) | GUJGASLTD 461.65 8.05 (1.77%) | HAVELLS 1669.95 33.85 (2.07%) | HCLTECH 1897.10 60.75 (3.31%) | HDFC 2724.30 0.00 (0%) | HDFCAMC 4220.00 5.90 (0.14%) | HDFCBANK 1742.10 0.90 (0.05%) | HDFCLIFE 685.35 10.95 (1.62%) | HEROMOTOCO 4788.00 20.15 (0.42%) | HINDALCO 652.00 3.95 (0.61%) | HINDUNILVR 2440.00 57.20 (2.4%) | HINDZINC 490.30 3.25 (0.67%) | ICICIBANK 1278.00 27.45 (2.2%) | ICICIGI 1835.10 30.40 (1.68%) | ICICIPRULI 689.35 10.80 (1.59%) | INDIGO 4145.00 75.20 (1.85%) | INDUSINDBK 998.65 17.20 (1.75%) | INDUSTOWER 330.20 1.10 (0.33%) | INFY 1889.20 55.15 (3.01%) | IOB 50.25 0.44 (0.88%) | IOC 132.90 2.19 (1.68%) | ITC 474.00 16.85 (3.69%) | JSWSTEEL 975.00 30.85 (3.27%) | KOTAKBANK 1761.80 24.70 (1.42%) | LT 3605.00 121.50 (3.49%) | LTI 6149.30 78.10 (1.29%) | LUPIN 2064.55 21.55 (1.05%) | M&M 3005.50 69.25 (2.36%) | MARICO 598.00 6.95 (1.18%) | MARUTI 11070.05 208.60 (1.92%) | MCDOWELL-N 1485.00 -14.35 (-0.96%) | MOTHERSUMI 187.83 -5.36 (-2.77%) | MUTHOOTFIN 1926.40 26.85 (1.41%) | NAUKRI 7990.00 474.65 (6.32%) | NESTLEIND 2242.50 31.30 (1.42%) | NMDC 220.80 3.17 (1.46%) | NTPC 364.70 8.55 (2.4%) | ONGC 245.45 3.30 (1.36%) | PEL 1082.75 27.80 (2.64%) | PIDILITIND 2967.45 29.40 (1%) | PIIND 4124.70 -14.00 (-0.34%) | PNB 99.99 3.62 (3.76%) | POWERGRID 336.00 10.10 (3.1%) | RELIANCE 1264.00 41.00 (3.35%) | SAIL 112.75 2.16 (1.95%) | SBICARD 680.65 5.60 (0.83%) | SBILIFE 1487.20 9.25 (0.63%) | SBIN 814.55 33.80 (4.33%) | SHREECEM 24814.00 761.15 (3.16%) | SIEMENS 6850.00 208.35 (3.14%) | SRF 2163.25 19.60 (0.91%) | SUNPHARMA 1805.60 25.60 (1.44%) | TATACONSUM 943.00 31.30 (3.43%) | TATAMOTORS 794.00 20.15 (2.6%) | TATAMTRDVR 768.65 33.35 (4.54%) | TATASTEEL 142.55 2.33 (1.66%) | TCS 4221.95 149.10 (3.66%) | TECHM 1744.10 41.85 (2.46%) | TITAN 3302.00 123.55 (3.89%) | TORNTPHARM 3171.00 69.05 (2.23%) | ULTRACEMCO 11301.15 346.30 (3.16%) | UPL 565.50 9.75 (1.75%) | VEDL 445.40 2.60 (0.59%) | WIPRO 571.40 14.25 (2.56%) |