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Nitin Spinners Limited
Share Price Target & Analysis

NSE:NITINSPIN

340.88

VWAP

338.45

Open

337.9

Close

345.95

High

335.00

Low

394.60

52 Week High

344.70 ⇧
6.80 (2.01%)

NITINSPIN

(TEXTILES)
72.5% Momentum

Sideways to Positive

213.05

52 Week Low

23.39

EPS

32.40

PE

1.69

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 344.70, this results in a dividend yield of 1.16 %.

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 23.39. NSE:NITINSPIN book value per share as of today is 203.90. The current price to book ratio for NITINSPIN as of May 16, 2024 is 1.69.

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 50.01% is very crucial parameter which shows that 50.01% investors are anticipating that the price of NITINSPIN share should go up with VWAP at 340.88.

Now, the main question is whether to BUY or SELL, NSE:NITINSPIN at current valuation.
As per latest Analysis No. #622:-

⇑ 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 (May 16, 2024)

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

Nitin Spinners Limited share price moved Up by 2.01% from its previous close of Rs 337.9. NITINSPIN stock last traded price is 344.70. NITINSPIN share price trend is Up with a total of 85955 stocks traded till now. It has touched an intraday high of Rs 345.95 and an intraday low of Rs 335.00. The NITINSPIN trading at 344.70, Up by Rs. 6.80, or 2.01 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 2.01%. NITINSPIN share price short term trend is Up. It suggests that NITINSPIN Share Price for Tomorrow remains the same with VWAP at 340.88 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

 344.70

NITINSPIN Share Price Target Prediction for 2024 ^

 292.2 - 396.6

NITINSPIN Share Price Target Prediction for 2025*^

 396.6 - 422.5

NITINSPIN Share Price Target Prediction for 2026*^

 422.5 - 452.1

NITINSPIN Share Price Target Prediction for 2027*^

 475

NITINSPIN Share Price Target Prediction for 2028*^

 488

NITINSPIN Share Price Target Prediction for 2030*^

 532
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: @344.7

NITINSPIN Moving Averages

BUY (3) NEUTRAL (0) SELL (11)
MA Simple Action S1 Expo Action E2
MA_5 342.97 BUY 345.06 SELL
MA_12 356.72 SELL 351.19 SELL
MA_20 354.73 SELL 352.23 SELL
MA_32 351.59 SELL 351.79 SELL
MA_50 347.5 SELL 350.52 SELL
MA_100 348.69 SELL 345.05 SELL
MA_200 320.23 BUY 322.56 BUY

NITINSPIN Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 354.73 Downtrend
MACD -3.06 SELL
ADX 17.79 NO or Weak Trend
DMI (+/-) 15.25 / 22.7 Downtrend

NITINSPIN Momentum Oscillators

BUY (0) NEUTRAL (10) SELL (2)
Momentum Oscillators Value Action
RSI 44.69 Neutral
STOCHASTIC_K (Fast) 39.39 Neutral
STOCHASTIC_D (Slow) 30.68 Neutral
CCI -96.68 Neutral
PSAR 371.21 SELL
TRUE RANGE 10.95 Neutral
ATR 14.19 Neutral
WILLIAMS R -64.01 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 70.55 Neutral
STOCHASTIC RSI D 23.52 Neutral
MOMENTUM -8.25 SELL

NITINSPIN Last 1 Year Trend

Duration Value
1 Year 36.19%
3 Months -9.6%
1 Month -2.34%
1 Week -5.02%

NITINSPIN Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 10%
NEUTRAL / HOLD 37%
SELL 53%

Most popular Questions & Answers about NITINSPIN


Nitin Spinners Limited stock last traded price is 344.70. NITINSPIN share price moved Up by 2.01% from its previous close of Rs 337.9.

Nitin Spinners Limited share price trend is Up with a total of 85955 stocks traded till now. It has touched an intraday high of Rs 398.546 and an intraday low of Rs 335.00. The NITINSPIN trading at 344.70, Up by Rs. 6.80, or 2.01 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 340.88.

The market cap of Nitin Spinners Limited is ₹1681.3 (in Cr) as of May 15, 2024.

The current price to earning ratio for Nitin Spinners Limited as of May 15, 2024 is 32.40.

The current price to book ratio for Nitin Spinners Limited as of May 15, 2024 is 1.69.

The highest price of Nitin Spinners Limited stock is ₹394.60 in the last 52-week.

The lowest price of Nitin Spinners Limited stock is ₹213.05 in the last 52-week.

Nitin Spinners Limited share trading at ₹344.70, Up by Rs. 6.80, or 2.01 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 ₹292.2 on downside and ₹396.6 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 ₹396.6 on downside and ₹422.5 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 ₹422.5 on downside and ₹452.1 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 ₹488 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.

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 23.39. Nitin Spinners Limited book value per share as of today is 203.90. The current price to book ratio for NITINSPIN as of May 16, 2024 is 1.69.


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 38.55 0.87 8.1
VTL 456.25 21.01 286.82
ICIL 371.50 15.23 89.1
NITINSPIN 344.70 23.39 203.9
AMBIKCO 1553.15 113.57 1426.4
VISHAL 22.05 1.49 19.75
NAHARPOLY 194.85 0 195.09
DCMNVL 74.85 0 4.23
MARALOVER 73.05 0 31.69
GINNIFILA 38.55 0 32.56
Updated at: 15 May 2024 15:51

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