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Sumeet Industries Limited
Share Price Target & Analysis

NSE:SUMEETINDS

2.51

VWAP

2.60

Open

2.5

Close

2.60

High

2.40

Low

5.30

52 Week High

2.60 ⇧
0.10 (4.00%)

SUMEETINDS

(TEXTILES)
20.6% Momentum

Turnaround Potential

1.90

52 Week Low

-

EPS

19.43

PE

N/A

PB

Uncertain
Quality

Unclear
Valuation

#Analysis

NSE: SUMEETINDS Share Price Financial Analysis & Valuation

Sumeet Industries Limited (SUMEETINDS) is broadly categorized in TEXTILES segment industry which deals in Textiles - Manmade vertical. It is one of Penny Stocks company with Market Capitalization of Rs 128.2 (in Cr). Total number of free float shares are 10.4 (in Lacs). Sumeet Industries Limited is listed on NSE with Exchange ID - INE235C01010 and trading code is NSE:SUMEETINDS with short name Sumeet Ind.

In the past 1 year, Sumeet Industries Limited has declared an equity dividend of Rs 0 per share. At the current share price of SUMEETINDS at Rs 2.60, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:SUMEETINDS, it is clearly understood that SUMEETINDS is Uncertain performer in terms of earnings and profit margins with an EPS of -.

Valuation of the Stock: The current valuation of SUMEETINDS stock is like Unclear which means currently the stock is Confusing. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of SUMEETINDS whether to BUY this stock at current valuation.

Now, the main question is whether to BUY or SELL, NSE:SUMEETINDS at current valuation.
As per latest Analysis No. #1627:-

⇑ STRONG BUY SUMEETINDS if All Greens

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

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

⇘ SELL SUMEETINDS if NO Green Indicator

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

(Sumeet Industries Limited Daily Analysis on the basis of SUMEETINDS Intraday Graph & Trend)

Sumeet Industries Limited share price moved Up by 4.00% from its previous close of Rs 2.5. SUMEETINDS stock last traded price is 2.60. SUMEETINDS share price trend is Up with a total of 1589675 stocks traded till now. It has touched an intraday high of Rs 2.60 and an intraday low of Rs 2.40. The SUMEETINDS trading at 2.60, Up by Rs. 0.10, or 4.00 percent which suggests that most of the Traders are anticipating that the price of SUMEETINDS share should go Up.

NSE: SUMEETINDS Share Price Tomorrow Prediction

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

Sumeet Industries Limited share price moved Up by 4.00%. SUMEETINDS share price short term trend is Up. It suggests that SUMEETINDS Share Price for Tomorrow remains the same with VWAP at 2.51 will be treated as stop loss for intraday traders. Sumeet Industries Limited Long term investors can follow the SUMEETINDS long term trend as mentiond in future forecast table.

NSE Code

NSE: SUMEETINDS

SUMEETINDS Share Price Today

 2.60

SUMEETINDS Share Price Target Prediction for 2024 ^

 2 - 3.8

SUMEETINDS Share Price Target Prediction for 2025*^

 3.8 - 4

SUMEETINDS Share Price Target Prediction for 2026*^

 4 - 4.2

SUMEETINDS Share Price Target Prediction for 2027*^

 4

SUMEETINDS Share Price Target Prediction for 2028*^

 5

SUMEETINDS Share Price Target Prediction for 2030*^

 5
SUMEETINDS Current Book Value 2023
Data Not Available

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

SUMEETINDS Technical Analysis

Candlestick Pattern: @2.2

SUMEETINDS Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 2.13 BUY 2.15 BUY
MA_12 2.21 SELL 2.23 SELL
MA_20 2.35 SELL 2.36 SELL
MA_32 2.6 SELL 2.6 SELL
MA_50 2.97 SELL 2.81 SELL
MA_100 3.43 SELL 3.06 SELL
MA_200 3.17 SELL 3.66 SELL

SUMEETINDS Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 2.35 Downtrend
MACD 0.03 BUY
ADX 43.31 Strong Trend
DMI (+/-) 20.31 / 35.41 Downtrend

SUMEETINDS Momentum Oscillators

BUY (3) NEUTRAL (5) SELL (4)
Momentum Oscillators Value Action
RSI 37.48 Neutral
STOCHASTIC_K (Fast) 77.45 Neutral
STOCHASTIC_D (Slow) 80.3 Overbought
CCI -35.44 Neutral
PSAR 2.3 SELL
TRUE RANGE 0.15 SELL
ATR 0.15 SELL
WILLIAMS R -66.67 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 96.6 Overbought
MOMENTUM -0.5 SELL

SUMEETINDS Last 1 Year Trend

Duration Value
1 Year -62.07%
3 Months -56.86%
1 Month -18.52%
1 Week 12.82%

SUMEETINDS Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 23%
NEUTRAL / HOLD 17%
SELL 60%

Most popular Questions & Answers about SUMEETINDS


Sumeet Industries Limited stock last traded price is 2.60. SUMEETINDS share price moved Up by 4.00% from its previous close of Rs 2.5.

Sumeet Industries Limited share price trend is Up with a total of 1589675 stocks traded till now. It has touched an intraday high of Rs 5.353 and an intraday low of Rs 2.40. The SUMEETINDS trading at 2.60, Up by Rs. 0.10, or 4.00 percent which suggests that most of the Traders are anticipating that the price of SUMEETINDS share should go Up and the Stop Loss will be around 2.51.

The market cap of Sumeet Industries Limited is ₹128.2 (in Cr) as of May 14, 2024.

The current price to earning ratio for Sumeet Industries Limited as of May 14, 2024 is 19.43.

The current price to book ratio for Sumeet Industries Limited as of May 14, 2024 is N/A.

The highest price of Sumeet Industries Limited stock is ₹5.30 in the last 52-week.

The lowest price of Sumeet Industries Limited stock is ₹1.90 in the last 52-week.

Sumeet Industries Limited share trading at ₹2.60, Up by Rs. 0.10, or 4.00 percent which suggests that most of the traders are anticipating that the price of SUMEETINDS share should go Up.

In 2023, Stock price target for Sumeet Industries Limited (SUMEETINDS) are ₹2 on downside and ₹3.8 on upside. Sumeet Industries Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Sumeet Industries Limited (SUMEETINDS) are ₹3.8 on downside and ₹4 on upside. Sumeet Industries Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Sumeet Industries Limited (SUMEETINDS) are ₹4 on downside and ₹4.2 on upside. Sumeet 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 Sumeet Industries Limited (SUMEETINDS) will be around ₹5 Sumeet Industries Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of SUMEETINDS.

As per the fundamental analysis of Sumeet Industries Limited (SUMEETINDS), it is of Uncertain quality in terms of earnings and profit margins with an EPS of 0.


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


Peer Comparison of NSE: SUMEETINDS

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

Sector: Textiles - Manmade

Company Price EPS BV
PASUPTAC 36.95 1.21 35.42
FILATEX 56.05 2.49 24.76
CENTENKA 582.20 18.37 604.94
VARDHACRLC 56.35 2.18 30.23
JBFIND 4.30 0 -346.5
SUMEETINDS 2.60 0 -3.3
SPYL 3.05 4.47 0.21
Updated at: 15 May 2024 15:47

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