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Salona Cotspin Limited
Share Price Target & Analysis

NSE:SALONA

290.36

VWAP

281.00

Open

284.4

Close

300.00

High

280.65

Low

357.00

52 Week High

298.40 ⇧
14.00 (4.92%)

SALONA

(TEXTILES)
59.6% Momentum

Turnaround Potential

212.00

52 Week Low

15.90

EPS

32.40

PE

2.12

PB

Standard
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 298.40, 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 Standard performer in terms of earnings and profit margins with an EPS of 15.90. NSE:SALONA book value per share as of today is 140.84. The current price to book ratio for SALONA as of May 16, 2024 is 2.12.

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 50.91% is very crucial parameter which shows that 50.91% investors are anticipating that the price of SALONA share should go up with VWAP at 290.36.

Now, the main question is whether to BUY or SELL, NSE:SALONA at current valuation.
As per latest Analysis No. #189:-

⇑ 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 (May 16, 2024)

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

Salona Cotspin Limited share price moved Up by 4.92% from its previous close of Rs 284.4. SALONA stock last traded price is 298.40. SALONA share price trend is Up with a total of 7466 stocks traded till now. It has touched an intraday high of Rs 300.00 and an intraday low of Rs 280.65. The SALONA trading at 298.40, Up by Rs. 14.00, or 4.92 percent which suggests that most of the Traders are anticipating that the price of SALONA share should go Up.

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 Up by 4.92%. SALONA share price short term trend is Up. It suggests that SALONA Share Price for Tomorrow remains the same with VWAP at 290.36 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

 298.40

SALONA Share Price Target Prediction for 2024 ^

 273.5 - 358.8

SALONA Share Price Target Prediction for 2025*^

 358.8 - 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
140.1

*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: @298.4

SALONA Moving Averages

BUY (9) NEUTRAL (0) SELL (5)
MA Simple Action S1 Expo Action E2
MA_5 284.53 BUY 289.75 BUY
MA_12 294.14 BUY 292.79 BUY
MA_20 294.3 BUY 294.99 BUY
MA_32 300.64 SELL 298.23 BUY
MA_50 302.31 SELL 300.33 SELL
MA_100 305.71 SELL 300.64 SELL
MA_200 290.48 BUY 291.88 BUY

SALONA Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 294.3 Uptrend
MACD -0.68 SELL
ADX 12.61 NO or Weak Trend
DMI (+/-) 23.49 / 19.29 Uptrend

SALONA Momentum Oscillators

BUY (1) NEUTRAL (9) SELL (2)
Momentum Oscillators Value Action
RSI 50.79 Neutral
STOCHASTIC_K (Fast) 48.59 Neutral
STOCHASTIC_D (Slow) 22.48 Neutral
CCI -18.02 Neutral
PSAR 329.16 SELL
TRUE RANGE 19.35 Neutral
ATR 16.83 Neutral
WILLIAMS R -64 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 47.19 Neutral
MOMENTUM -12.7 SELL

SALONA Last 1 Year Trend

Duration Value
1 Year 16.88%
3 Months -11.49%
1 Month -4.08%
1 Week -1.47%

SALONA Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 40%
NEUTRAL / HOLD 33%
SELL 27%

Most popular Questions & Answers about SALONA


Salona Cotspin Limited stock last traded price is 298.40. SALONA share price moved Up by 4.92% from its previous close of Rs 284.4.

Salona Cotspin Limited share price trend is Up with a total of 7466 stocks traded till now. It has touched an intraday high of Rs 360.57 and an intraday low of Rs 280.65. The SALONA trading at 298.40, Up by Rs. 14.00, or 4.92 percent which suggests that most of the Traders are anticipating that the price of SALONA share should go Up and the Stop Loss will be around 290.36.

The market cap of Salona Cotspin Limited is ₹163.9 (in Cr) as of May 15, 2024.

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

The current price to book ratio for Salona Cotspin Limited as of May 15, 2024 is 2.12.

The highest price of Salona Cotspin Limited stock is ₹357.00 in the last 52-week.

The lowest price of Salona Cotspin Limited stock is ₹212.00 in the last 52-week.

Salona Cotspin Limited share trading at ₹298.40, Up by Rs. 14.00, or 4.92 percent which suggests that most of the traders are anticipating that the price of SALONA share should go Up.

In 2023, Stock price target for Salona Cotspin Limited (SALONA) are ₹273.5 on downside and ₹358.8 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 ₹358.8 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.

As per the fundamental analysis of Salona Cotspin Limited (SALONA), it is of Standard quality in terms of earnings and profit margins with an EPS of 15.90. Salona Cotspin Limited book value per share as of today is 140.84. The current price to book ratio for SALONA as of May 16, 2024 is 2.12.


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 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 15:52

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