Nitin Spinners Ltd (NITINSPIN)
₹285.65▲2.66%
Overview of Nitin Spinners Ltd
Key events for Nitin Spinners Ltd
Dolly Khanna holds 1.36% stake in Nitin Spinners Ltd - 13 Sep, 2023
Investor Dolly Khanna holds 7,64,793 shares or a 1.36% stake in Nitin Spinners Ltd, which has a high EPS of 22.79 and its shares were trading at ₹295.25 apiece.
Nitin Spinners CEO's Compensation 38% Below Industry Average - 12 Sep, 2023
The compensation of Nitin Spinners Limited's CEO, Dinesh Nolkha, is reportedly 38% below the industry average. The company's Annual General Meeting is scheduled for September 18th to review results and discuss future strategy.
Nitin Spinners declares dividend - 11 Sep, 2023
Nitin Spinners Ltd has announced a dividend of Rs 2.5 per equity share with a face value of Rs 10.
ICICI Direct Maintains 'Buy' Rating on Nitin Spinners - 05 Sep, 2023
Brokerage firm ICICI Direct has maintained a 'buy' rating on Nitin Spinners with a price target of Rs 360, citing capacity enhancement as a driver for long-term growth. The target suggests an upside potential of 13.6% from the current market price.
ICICI Direct Recommends BUY Rating for Nitin Spinners Ltd - 30 Aug, 2023
ICICI Direct's research report recommends a BUY rating on Nitin Spinners (NSL) with a target price of Rs 360 per share. NSL has invested in capacity building, quadrupled its spinning capacities and forward integrated into knitted and finished woven fabrics.
Nitin Spinners' ROCE Falls, Revenue Drops and Capital Employed Increases - 23 Aug, 2023
Nitin Spinners' returns on capital employed (ROCE) have fallen from 14% to 10% in the last five years, while revenue has dropped and capital employed has increased. Investors may be overvaluing the stock despite concerning fundamentals.
Nitin Spinners Reports Decrease in Total Income and Net Profit - 05 Aug, 2023
Nitin Spinners Ltd has reported a decrease in total income and net profit for the period ended June 30, 2023 compared to the previous quarter. EPS also decreased from Rs. 6.85 to Rs. 5.14.
Nitin Spinners Shares Drop 13% in Past Week - 26 Jul, 2023
Despite a positive three-year return of 481%, Nitin Spinners Ltd shares have dropped by 13% in the past week. The company's EPS growth rate and dividends boosting total shareholder return are discussed, with shareholders gaining a total return of 14% during the year which falls short of market returns.
Dolly Khanna Increases Stake in Nitin Spinners - 11 Jul, 2023
Investor Dolly Khanna has increased her stake in Nitin Spinners to 1.36%, with the stock having surged over 30% in the last year.
Analyst Rating
based on 3 analysts
Based on 3 analysts offering long term price targets for Nitin Spinners Ltd. An average target of ₹355.33
Source: S&P Global Market Intelligence
Nitin Spinners Ltd Performance
- ₹276.95₹287₹285.65
3.05%
Downside
Day's Volatility:3.52%
Upside
0.47%
- ₹182₹335₹285.65
36.29%
Downside
52 Weeks Volatility:53.56%
Upside
17.28%
| Returns % | |
| 1 Month Return | -2.01 % |
| 3 Month Return | 6.67 % |
| 1 Year Return | 33.2 % |
| Market Stats | |
| Previous Close | ₹278.25 |
| Open | ₹278.25 |
| Volume | 1.89L |
| Market Cap | ₹1,564.32Cr |
Nitin Spinners Ltd Company Information
Share Price: ₹285.65 per share as on 26 Sep, 2023 05:22 PM
Market Capitalisation: ₹1,564.32Cr as of today
Listing date: 02 Feb, 2006
Chairperson Name: R L Nolkha
| Organisation | Nitin Spinners Ltd |
| Headquarters | |
| Industry | Textiles |
| E-voting on shares | Click here to vote |
Fundamentals of Nitin Spinners Ltd
Insights on Nitin Spinners Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTBest in 3 Years
In the last 3 years, NITINSPIN has outperformed top 5 stocks with highest market-cap in Textiles & Leather Goods
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 6.30% to 8.44% in Jun 2023 quarter
- POSITIVE IMPACT
Price Rise
In the last 3 years, NITINSPIN stock has moved up by 613.5%
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 56.41% of holdings in Jun 2023 quarter
- NO EFFECT
Against Peers
In the last 1 year, Raymond Ltd has given 75.5% return, outperforming this stock by 42.3%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 2.40% to 2.21% in Jun 2023 quarter
- NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 34.89% to 32.91% in Jun 2023 quarter
Mutual Fund Holdings
| Funds | Holdings |
 Quant Small Cap Fund Growth Option Direct Plan | 1.07% |
 Bandhan Emerging Businesses Fund Direct Growth | 1.41% |
 Mahindra Manulife Small Cap Fund Direct Growth | 0.91% |
| Mahindra Manulife Multi Cap Fund Direct Plan Growth | 0.63% |
| Mahindra Manulife Equity Savings Fund Direct Growth | 0.77% |
Nitin Spinners Ltd Shareholding Pattern
| Investors | Holdings % | Prev. 2 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.41% | 0.00 | |
| Foreign Institutions | 2.21% | ||
| Mutual Funds | 8.44% | 33.94 | |
| Retail Investors | 32.91% | ||
| Others | 0.03% | 0.00 |
Technicals of Nitin Spinners Ltd
News & Events of Nitin Spinners Ltd
Frequently Asked Questions
Nitin Spinners Ltd (NITINSPIN) share price today is ₹285.65
- Today’s highest price of Nitin Spinners Ltd is ₹287.
- Today’s lowest price of Nitin Spinners Ltd is ₹276.95.
Today’s traded volume of Nitin Spinners Ltd(NITINSPIN) is 1.89L.
Today’s market capitalisation of Nitin Spinners Ltd(NITINSPIN) is ₹1564.32Cr.
| Nitin Spinners Ltd(NITINSPIN | Price |
|---|---|
52 Week High | ₹335 |
52 Week Low | ₹182 |
Nitin Spinners Ltd(NITINSPIN) share price is ₹285.65. It is down -14.73% from its 52 Week High price of ₹335
Nitin Spinners Ltd(NITINSPIN) share price is ₹285.65. It is up 56.95% from its 52 Week Low price of ₹182
| Nitin Spinners Ltd(NITINSPIN | Returns |
|---|---|
1 Day Returns | 7.4% |
1 Month Returns | -2.01% |
3 Month Returns | 6.67% |
1 Year Returns | 33.2% |