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Kanani Industries Limited
Share Price Target & Analysis

NSE:KANANIIND

3.83

VWAP

3.80

Open

3.7

Close

3.85

High

3.75

Low

7.55

52 Week High

3.85 ⇧
0.15 (4.05%)

KANANIIND

(METALS)
10.8% Momentum

Turnaround Potential

3.40

52 Week Low

0.02

EPS

76.11

PE

1.7

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: KANANIIND Share Price Financial Analysis & Valuation

Kanani Industries Limited (KANANIIND) is broadly categorized in METALS segment industry which deals in Diamond Cutting & Jewellery & Precious Metals vertical. It is one of Penny Stocks company with Market Capitalization of Rs 155.5 (in Cr). Total number of free float shares are 9.9 (in Lacs). Kanani Industries Limited is listed on NSE with Exchange ID - INE879E01037 and trading code is NSE:KANANIIND with short name Kanani Ind.

In the past 1 year, Kanani Industries Limited has declared an equity dividend of Rs 0 per share. At the current share price of KANANIIND at Rs 3.85, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:KANANIIND, it is clearly understood that KANANIIND is Economical performer in terms of earnings and profit margins with an EPS of 0.02. NSE:KANANIIND book value per share as of today is 2.27. The current price to book ratio for KANANIIND as of May 15, 2024 is 1.7.

Valuation of the Stock: The current valuation of KANANIIND stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of KANANIIND whether to BUY this stock at current valuation. The delivery percentage of KANANIIND is 81.66% is very crucial parameter which shows that 81.66% investors are anticipating that the price of KANANIIND share should go up with VWAP at 3.83.

Now, the main question is whether to BUY or SELL, NSE:KANANIIND at current valuation.
As per latest Analysis No. #8173:-

⇑ STRONG BUY KANANIIND if All Greens

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

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

⇘ SELL KANANIIND if NO Green Indicator

NSE: KANANIIND Share Price Today (May 15, 2024)

(Kanani Industries Limited Daily Analysis on the basis of KANANIIND Intraday Graph & Trend)

Kanani Industries Limited share price moved Up by 4.05% from its previous close of Rs 3.7. KANANIIND stock last traded price is 3.85. KANANIIND share price trend is Up with a total of 382364 stocks traded till now. It has touched an intraday high of Rs 3.85 and an intraday low of Rs 3.75. The KANANIIND trading at 3.85, Up by Rs. 0.15, or 4.05 percent which suggests that most of the Traders are anticipating that the price of KANANIIND share should go Up.

NSE: KANANIIND Share Price Tomorrow Prediction

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

Kanani Industries Limited share price moved Up by 4.05%. KANANIIND share price short term trend is Up. It suggests that KANANIIND Share Price for Tomorrow remains the same with VWAP at 3.83 will be treated as stop loss for intraday traders. Kanani Industries Limited Long term investors can follow the KANANIIND long term trend as mentiond in future forecast table.

NSE Code

NSE: KANANIIND

KANANIIND Share Price Today

 3.85

KANANIIND Share Price Target Prediction for 2024 ^

 3.6 - 5.8

KANANIIND Share Price Target Prediction for 2025*^

 5.8 - 6

KANANIIND Share Price Target Prediction for 2026*^

 6 - 6.3

KANANIIND Share Price Target Prediction for 2027*^

 7

KANANIIND Share Price Target Prediction for 2028*^

 7

KANANIIND Share Price Target Prediction for 2030*^

 7
KANANIIND Current Book Value 2023
2.3

*Kanani Industries Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^KANANIIND 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.

KANANIIND Technical Analysis

Candlestick Pattern: @3.7

KANANIIND Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 3.8 SELL 3.8 SELL
MA_12 4 SELL 3.92 SELL
MA_20 4.03 SELL 3.99 SELL
MA_32 4 SELL 4.11 SELL
MA_50 4.28 SELL 4.22 SELL
MA_100 4.5 SELL 4.3 SELL
MA_200 4.15 SELL 4.36 SELL

KANANIIND Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 4.03 Downtrend
MACD -0.02 SELL
ADX 17.77 NO or Weak Trend
DMI (+/-) 24.16 / 45.01 Downtrend

KANANIIND Momentum Oscillators

BUY (0) NEUTRAL (2) SELL (10)
Momentum Oscillators Value Action
RSI 34.34 Neutral
STOCHASTIC_K (Fast) -0.13 Oversold
STOCHASTIC_D (Slow) -0.25 Oversold
CCI -118.72 SELL
PSAR 4.26 SELL
TRUE RANGE 0.05 SELL
ATR 0.11 SELL
WILLIAMS R -100 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -0.1 SELL

KANANIIND Last 1 Year Trend

Duration Value
1 Year 4.82%
3 Months -15.53%
1 Month -2.63%
1 Week -6.33%

KANANIIND Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 10%
SELL 90%

Most popular Questions & Answers about KANANIIND


Kanani Industries Limited stock last traded price is 3.85. KANANIIND share price moved Up by 4.05% from its previous close of Rs 3.7.

Kanani Industries Limited share price trend is Up with a total of 382364 stocks traded till now. It has touched an intraday high of Rs 7.6255 and an intraday low of Rs 3.75. The KANANIIND trading at 3.85, Up by Rs. 0.15, or 4.05 percent which suggests that most of the Traders are anticipating that the price of KANANIIND share should go Up and the Stop Loss will be around 3.83.

The market cap of Kanani Industries Limited is ₹155.5 (in Cr) as of May 14, 2024.

The current price to earning ratio for Kanani Industries Limited as of May 14, 2024 is 76.11.

The current price to book ratio for Kanani Industries Limited as of May 14, 2024 is 1.7.

The highest price of Kanani Industries Limited stock is ₹7.55 in the last 52-week.

The lowest price of Kanani Industries Limited stock is ₹3.40 in the last 52-week.

Kanani Industries Limited share trading at ₹3.85, Up by Rs. 0.15, or 4.05 percent which suggests that most of the traders are anticipating that the price of KANANIIND share should go Up.

In 2023, Stock price target for Kanani Industries Limited (KANANIIND) are ₹3.6 on downside and ₹5.8 on upside. Kanani Industries Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Kanani Industries Limited (KANANIIND) are ₹5.8 on downside and ₹6 on upside. Kanani Industries Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Kanani Industries Limited (KANANIIND) are ₹6 on downside and ₹6.3 on upside. Kanani 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 Kanani Industries Limited (KANANIIND) will be around ₹7 Kanani Industries Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of KANANIIND.

As per the fundamental analysis of Kanani Industries Limited (KANANIIND), it is of Economical quality in terms of earnings and profit margins with an EPS of 0.02. Kanani Industries Limited book value per share as of today is 2.27. The current price to book ratio for KANANIIND as of May 15, 2024 is 1.7.


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


Peer Comparison of NSE: KANANIIND

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

Sector: Diamond Cutting & Jewellery & Precious Metals

Company Price EPS BV
RAJESHEXPO 302.20 0 169.9
GOLDIAM 165.90 5.72 25.45
RGL 106.95 1.54 56.73
PCJEWELLER 50.45 0 75.8
TBZ 112.20 7.91 85.01
KANANIIND 3.85 0.02 2.27
GOENKA 0.80 0 7.91
LYPSAGEMS 6.10 0 10.79
Updated at: 15 May 2024 10:09

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