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Salona Cotspin Limited
Share Price Target & Analysis

NSE:SALONA

301.94

VWAP

300.2

Open

305.85

Close

309.65

High

295.5

Low

357

52 Week High

301.30 ⇩
-4.55 (-1.49%)

SALONA

(TEXTILES)
47.3% Momentum

Turnaround Potential

251.35

52 Week Low

12.94

EPS

32.08

PE

1.99

PB

Economical
Quality

Silver
Valuation

#Analysis

NSE: SALONA Share Price Financial Analysis & Valuation

Salona Cotspin Limited (SALONA) is broadly categorized in TEXTILES segment industry which deals in Textiles - Spinning - Cotton Blended vertical. It is one of Micro Cap company with Market Capitalization of Rs 163.9 (in Cr). Total number of free float shares are 0.5 (in Lacs). Salona Cotspin Limited is listed on NSE with Exchange ID - INE498E01010 and trading code is NSE:SALONA with short name Salona Cotspin.

In the past 1 year, Salona Cotspin Limited has declared an equity dividend of Rs 1.2 per share. At the current share price of SALONA at Rs 301.30, this results in a dividend yield of 0.4 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:SALONA, it is clearly understood that SALONA is Economical performer in terms of earnings and profit margins with an EPS of 12.94. NSE:SALONA book value per share as of today is 151.45. The current price to book ratio for SALONA as of Nov 23, 2024 is 1.99.

Valuation of the Stock: The current valuation of SALONA stock is like Silver which means currently the stock is at Premium. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of SALONA whether to BUY this stock at current valuation. The delivery percentage of SALONA is 47.75% is very crucial parameter which shows that 47.75% investors are anticipating that the price of SALONA share should go up with VWAP at 301.94.

Now, the main question is whether to BUY or SELL, NSE:SALONA at current valuation.
As per latest Analysis No. #302:-

⇑ STRONG BUY SALONA if All Greens

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

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

⇘ SELL SALONA if NO Green Indicator

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

(Salona Cotspin Limited Daily Analysis on the basis of SALONA Intraday Graph & Trend)

Salona Cotspin Limited share price moved Down by -1.49% from its previous close of Rs 305.85. SALONA stock last traded price is 301.30. SALONA share price trend is Down with a total of 361 stocks traded till now. It has touched an intraday high of Rs 309.65 and an intraday low of Rs 295.5. The SALONA trading at 301.30, Down by Rs. -4.55, or -1.49 percent which suggests that most of the Traders are anticipating that the price of SALONA share should go Down.

NSE: SALONA Share Price Tomorrow Prediction

(Salona Cotspin Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of SALONA)

Salona Cotspin Limited share price moved Down by -1.49%. SALONA share price short term trend is Down. It suggests that SALONA Share Price for Tomorrow remains the same with VWAP at 301.94 will be treated as stop loss for intraday traders. Salona Cotspin Limited Long term investors can follow the SALONA long term trend as mentiond in future forecast table.

NSE Code

NSE: SALONA

SALONA Share Price Today

 301.30

SALONA Share Price Target Prediction for 2024 ^

 263.5 - 322.7

SALONA Share Price Target Prediction for 2025*^

 322.7 - 382.2

SALONA Share Price Target Prediction for 2026*^

 382.2 - 409

SALONA Share Price Target Prediction for 2027*^

 429

SALONA Share Price Target Prediction for 2028*^

 442

SALONA Share Price Target Prediction for 2030*^

 482
SALONA Current Book Value 2023
150.7

*Salona Cotspin Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^SALONA 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.

SALONA Technical Analysis

Candlestick Pattern: @297.35

SALONA Moving Averages

BUY (5) NEUTRAL (0) SELL (9)
MA Simple Action S1 Expo Action E2
MA_5 310.46 SELL 305.89 SELL
MA_12 310.54 SELL 306.62 SELL
MA_20 301.88 SELL 303.94 SELL
MA_32 295.26 BUY 300.22 SELL
MA_50 294.21 BUY 298.32 SELL
MA_100 295.95 BUY 297.17 BUY
MA_200 301.11 SELL 295.26 BUY

SALONA Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 301.88 Downtrend
MACD -0.93 SELL
ADX 27.5 Strong Trend
DMI (+/-) 21.46 / 18.51 Uptrend

SALONA Momentum Oscillators

BUY (1) NEUTRAL (6) SELL (5)
Momentum Oscillators Value Action
RSI 47.57 Neutral
STOCHASTIC_K (Fast) 14.71 Oversold
STOCHASTIC_D (Slow) 25.85 Neutral
CCI -137.86 SELL
PSAR 343.77 SELL
TRUE RANGE 5.65 Neutral
ATR 16.97 Neutral
WILLIAMS R -84.08 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 9.58 Oversold
STOCHASTIC RSI D 36.32 Neutral
MOMENTUM 9.75 BUY

SALONA Last 1 Year Trend

Duration Value
1 Year 0.92%
3 Months -0.54%
1 Month 3.39%
1 Week -4.94%

SALONA Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 27%
NEUTRAL / HOLD 20%
SELL 53%

Most popular Questions & Answers about SALONA


Salona Cotspin Limited stock last traded price is 301.30. SALONA share price moved Down by -1.49% from its previous close of Rs 305.85.

Salona Cotspin Limited share price trend is Down with a total of 361 stocks traded till now. It has touched an intraday high of Rs 360.57 and an intraday low of Rs 295.5. The SALONA trading at 301.30, Down by Rs. -4.55, or -1.49 percent which suggests that most of the Traders are anticipating that the price of SALONA share should go Down and the Stop Loss will be around 301.94.

The market cap of Salona Cotspin Limited is ₹163.9 (in Cr) as of Nov 22, 2024.

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

The current price to book ratio for Salona Cotspin Limited as of Nov 22, 2024 is 1.99.

The highest price of Salona Cotspin Limited stock is ₹357 in the last 52-week.

The lowest price of Salona Cotspin Limited stock is ₹251.35 in the last 52-week.

Salona Cotspin Limited share trading at ₹301.30, Down by Rs. -4.55, or -1.49 percent which suggests that most of the traders are anticipating that the price of SALONA share should go Down.

In 2023, Stock price target for Salona Cotspin Limited (SALONA) are ₹263.5 on downside and ₹322.7 on upside. Salona Cotspin Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Salona Cotspin Limited (SALONA) are ₹322.7 on downside and ₹382.2 on upside. Salona Cotspin Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Salona Cotspin Limited (SALONA) are ₹382.2 on downside and ₹409 on upside. Salona Cotspin 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 Salona Cotspin Limited (SALONA) will be around ₹442 Salona Cotspin Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of SALONA.

The price of Salona Cotspin Limited (SALONA) shares moved by -1.49%. The short-term trend for SALONA share price is Down. It implies that the share price of SALONA will stay the same tomorrow and that intraday traders should treat VWAP at 301.94 as a stop loss. Investors with a long-term outlook can track SALONA long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of SALONA stock is 155.2. Compared to the current market price of 301.30 INR, the SALONA stock is Overvalued by 48.5%.

As per the fundamental analysis of Salona Cotspin Limited (SALONA), it is of Economical quality in terms of earnings and profit margins with an EPS of 12.94. Salona Cotspin Limited book value per share as of today is 151.45. The current price to book ratio for SALONA as of Nov 23, 2024 is 1.99.


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


Peer Comparison of NSE: SALONA

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 15:42

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