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Kitex Garments Limited
Share Price Target & Analysis

NSE:KITEX

206.87

VWAP

204.15

Open

201.15

Close

211.30

High

202.15

Low

287.60

52 Week High

206.95 ⇧
5.80 (2.88%)

KITEX

(TEXTILES)
40.2% Momentum

Turnaround Potential

152.80

52 Week Low

6.98

EPS

48.38

PE

1.52

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: KITEX Share Price Financial Analysis & Valuation

Kitex Garments Limited (KITEX) is broadly categorized in TEXTILES segment industry which deals in Textiles - Readymade Apparels vertical. It is one of Small Cap company with Market Capitalization of Rs 1675.8 (in Cr). Total number of free float shares are 6.7 (in Lacs). Kitex Garments Limited is listed on NSE with Exchange ID - INE602G01020 and trading code is NSE:KITEX with short name Kitex Garments.

In the past 1 year, Kitex Garments Limited has declared an equity dividend of Rs 1.5 per share. At the current share price of KITEX at Rs 206.95, this results in a dividend yield of 0.72 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:KITEX, it is clearly understood that KITEX is Economical performer in terms of earnings and profit margins with an EPS of 6.98. NSE:KITEX book value per share as of today is 136.07. The current price to book ratio for KITEX as of May 15, 2024 is 1.52.

Valuation of the Stock: The current valuation of KITEX stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of KITEX whether to BUY this stock at current valuation. The delivery percentage of KITEX is 51.68% is very crucial parameter which shows that 51.68% investors are anticipating that the price of KITEX share should go up with VWAP at 206.87.

Now, the main question is whether to BUY or SELL, NSE:KITEX at current valuation.
As per latest Analysis No. #1054:-

⇑ STRONG BUY KITEX if All Greens

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

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

⇘ SELL KITEX if NO Green Indicator

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

(Kitex Garments Limited Daily Analysis on the basis of KITEX Intraday Graph & Trend)

Kitex Garments Limited share price moved Up by 2.88% from its previous close of Rs 201.15. KITEX stock last traded price is 206.95. KITEX share price trend is Up with a total of 149394 stocks traded till now. It has touched an intraday high of Rs 211.30 and an intraday low of Rs 202.15. The KITEX trading at 206.95, Up by Rs. 5.80, or 2.88 percent which suggests that most of the Traders are anticipating that the price of KITEX share should go Up.

NSE: KITEX Share Price Tomorrow Prediction

(Kitex Garments Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of KITEX)

Kitex Garments Limited share price moved Up by 2.88%. KITEX share price short term trend is Up. It suggests that KITEX Share Price for Tomorrow remains the same with VWAP at 206.87 will be treated as stop loss for intraday traders. Kitex Garments Limited Long term investors can follow the KITEX long term trend as mentiond in future forecast table.

NSE Code

NSE: KITEX

KITEX Share Price Today

 206.95

KITEX Share Price Target Prediction for 2024 ^

 160.2 - 233.9

KITEX Share Price Target Prediction for 2025*^

 233.9 - 307.9

KITEX Share Price Target Prediction for 2026*^

 307.9 - 329.5

KITEX Share Price Target Prediction for 2027*^

 346

KITEX Share Price Target Prediction for 2028*^

 356

KITEX Share Price Target Prediction for 2030*^

 388
KITEX Current Book Value 2023
135.4

*Kitex Garments Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^KITEX 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.

KITEX Technical Analysis

Candlestick Pattern: @204.35

KITEX Moving Averages

BUY (7) NEUTRAL (0) SELL (7)
MA Simple Action S1 Expo Action E2
MA_5 203.22 BUY 202.86 BUY
MA_12 200.07 BUY 200.91 BUY
MA_20 199.66 BUY 201.45 BUY
MA_32 198.55 BUY 205.66 SELL
MA_50 216.99 SELL 210.26 SELL
MA_100 225.16 SELL 214.74 SELL
MA_200 211.67 SELL 211.2 SELL

KITEX Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 199.66 Uptrend
MACD 2.1 BUY
ADX 19.44 NO or Weak Trend
DMI (+/-) 22.65 / 21.38 Uptrend

KITEX Momentum Oscillators

BUY (4) NEUTRAL (8) SELL (0)
Momentum Oscillators Value Action
RSI 51.19 Neutral
STOCHASTIC_K (Fast) 72.05 Neutral
STOCHASTIC_D (Slow) 75.48 Neutral
CCI 62.72 Neutral
PSAR 191.1 BUY
TRUE RANGE 2.95 Neutral
ATR 7.17 Neutral
WILLIAMS R -31.74 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 87.55 Overbought
STOCHASTIC RSI D 88.22 Overbought
MOMENTUM 22 BUY

KITEX Last 1 Year Trend

Duration Value
1 Year 26.18%
3 Months -8.85%
1 Month 12.06%
1 Week 3.94%

KITEX Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 47%
NEUTRAL / HOLD 30%
SELL 23%

Most popular Questions & Answers about KITEX


Kitex Garments Limited stock last traded price is 206.95. KITEX share price moved Up by 2.88% from its previous close of Rs 201.15.

Kitex Garments Limited share price trend is Up with a total of 149394 stocks traded till now. It has touched an intraday high of Rs 290.476 and an intraday low of Rs 202.15. The KITEX trading at 206.95, Up by Rs. 5.80, or 2.88 percent which suggests that most of the Traders are anticipating that the price of KITEX share should go Up and the Stop Loss will be around 206.87.

The market cap of Kitex Garments Limited is ₹1675.8 (in Cr) as of May 14, 2024.

The current price to earning ratio for Kitex Garments Limited as of May 14, 2024 is 48.38.

The current price to book ratio for Kitex Garments Limited as of May 14, 2024 is 1.52.

The highest price of Kitex Garments Limited stock is ₹287.60 in the last 52-week.

The lowest price of Kitex Garments Limited stock is ₹152.80 in the last 52-week.

Kitex Garments Limited share trading at ₹206.95, Up by Rs. 5.80, or 2.88 percent which suggests that most of the traders are anticipating that the price of KITEX share should go Up.

In 2023, Stock price target for Kitex Garments Limited (KITEX) are ₹160.2 on downside and ₹233.9 on upside. Kitex Garments Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Kitex Garments Limited (KITEX) are ₹233.9 on downside and ₹307.9 on upside. Kitex Garments Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Kitex Garments Limited (KITEX) are ₹307.9 on downside and ₹329.5 on upside. Kitex Garments 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 Kitex Garments Limited (KITEX) will be around ₹356 Kitex Garments Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of KITEX.

As per the fundamental analysis of Kitex Garments Limited (KITEX), it is of Economical quality in terms of earnings and profit margins with an EPS of 6.98. Kitex Garments Limited book value per share as of today is 136.07. The current price to book ratio for KITEX as of May 15, 2024 is 1.52.


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


Peer Comparison of NSE: KITEX

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

Sector: Textiles - Readymade Apparels

Company Price EPS BV
PAGEIND 35060.50 483.55 1229.21
KPRMILL 823.80 16.23 98.71
JAIPURKURT 48.65 0 24.55
DOLLAR 586.80 10.76 126.54
GOKEX 840.10 21.77 126.21
KITEX 206.95 6.98 136.07
MONTECARLO 682.85 48.23 374.67
PGIL 622.50 10.15 86.32
SORILINFRA 66.00 2.2 74.94
ZODIACLOTH 112.85 3.98 98.45
Updated at: 15 May 2024 15:50

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