From Rs 17.26 (52-week low) to Rs 43.79 per share, the inventory gave multibagger returns of over 150 per cent.
Nandan Denim Ltd (NDL)a subsidiary of the Chiripal Group based in 1994, has grown from textile buying and selling to turn into India’s largest and the world’s fourth-biggest denim cloth maker. They manufacture all kinds of materials together with over 2,000 denim merchandise yearly, shirting with numerous choices, and yarn together with eco-friendly natural cotton. Supplying to over 27 international locations and main Indian retailers, Nandan Denim boasts a large manufacturing capability and even has in-house analysis and growth to always innovate and enhance its textile choices.
Based on Quarterly Outcomesthe online gross sales elevated by 26.7 per cent to Rs 579.12 crore and web revenue elevated by 881.1 per cent to Rs 27.11 crore in Q4FY24 in comparison with Q4FY23. In its annual outcomes, the corporate reported web gross sales of Rs 2,010.09 crore in FY24 in comparison with web gross sales of Rs 2,026.76 crore in FY23. In FY24, the online revenue skyrocketed by 8,385 per cent to Rs 44.97 crore in comparison with Rs 0.53 crore in FY23.
In the present day, shares of Nandan Jeans Ltd gained 17.31 per cent to Rs 43.79 per share from its earlier closing of Rs 37.33 with an intraday excessive of Rs 43.79 and an intraday low of Rs 40.51. The inventory’s 52-week excessive is Rs 48.50 whereas its 52-week low is Rs 17.26. The shares of the corporate noticed a spurt in quantity by greater than 6 instances on BSE.
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Nandan Jeans has a market cap of over Rs 600 crore. The utmost share is owned by the promoter of the corporate (64.74 per cent) and the remaining is by FIIs, DIIs and most of the people. Moreover, promoters have held a relentless 64.87 per cent stake within the firm for the previous 6 years.
The shares of the corporate have a PE of 12x whereas the business PE is 32x. From Rs 17.26 (52-week low) to Rs 43.79 per share, the inventory gave multibagger Returns of over 150 per cent. Buyers ought to regulate this textile inventory underneath the radar.
Disclaimer: The article is for informational functions solely and never funding recommendation.
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