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Nitin Spinners Ltd (NITINSPIN)

₹366.653.41%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Nitin Spinners Ltd share Performance

  • ₹352
    ₹369.95
    ₹366.65
    downward going graph

    4.00%

    Low

    Day's Volatility:4.90%

    High

    0.90%

    downward going graph
  • ₹227
    ₹394.6
    ₹366.65
    downward going graph

    38.09%

    Low

    52 Weeks Volatility:45.71%

    High

    7.62%

    downward going graph
1 Month Return4.46 %
3 Month Return1.2 %
1 Year Return39.56 %
Previous Close₹354.55
Open₹352.00
Volume1.09L
Upper Circuit-
Lower Circuit-
Market Cap₹1,993.28Cr

Analyst Rating

based on 2 analysts

BUY
100.00%
Buy
0.00%
Hold
0.00%
Sell

Based on 2 analysts offering long term price targets for Nitin Spinners Ltd. An average target of ₹472

Source: S&P Global Market Intelligence

Company Information

Nitin Spinners Ltd is an ISO 9001:2008 certified company and a Government of India recognized Export House. Established in 1992 as a private limited company, Nitin specialized in the textiles business, manufacturing 100% cotton yarns and fabrics. The company has set up their first unit at Hamirgarh Bhilwara Rajasthan in 1993 with two openend spinning machines with 192 Rotors each, providing a total capacity of 384 Rotors. Nitin Spinners Ltd gradually expanded their production capacity to 1080 Rotors through addition of one Autoconer Machine of 216 Rotors from Schlafhorst AG Co. Germany and two Autoconer openend spinning machines of 240 Rotors from Schlafhorst AG Co. Germany. Nitin Spinners Ltd also set up 14112 spindles to produce combed and carded cotton yarns of 20s to 40s count and seven knitting machines. They expanded their Rotor Spinning capacity adding 2000 Rotors, and further increased their capacity to 50400 spindles Knitting Machines and F.O. based Power Plant of 7.66 MW. Additionally, the company also commenced commercial production for a coal/ lignite based thermal power project with installed capacity of 10.50 MW. Through these expansions, Nitin Spinners Ltd aims to provide fabrics in greige form for various textiles products like apparel, terry towels, medical textiles, and more.

Share Price: ₹366.65 per share as on 29 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,993.28Cr as of today
Listing date: 02 Feb, 2006
OrganisationNitin Spinners Ltd
Headquarters
IndustryTextiles
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Key events for Nitin Spinners Ltd

  • Nitin Spinners' Low P/E Ratio Raises Concerns - 08 Apr, 2024

    Nitin Spinners Ltd's low P/E ratio of 15.4x may seem attractive compared to the Indian market, but its declining earnings have caused concern among investors about future growth potential.

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.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, NITINSPIN stock has moved up by 311.1%

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 56.41% to 56.46% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 13.32% to 13.74% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 160.7% return, outperforming this stock by 121.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 341.0% return, outperforming this stock by 29.9%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 1.09% to 0.70% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 29.17% to 29.11% in Mar 2024 quarter

Mutual Fund Holdings

Funds Holdings
Quant Small Cap Fund Growth Option Direct PlanQuant Small Cap Fund Growth Option Direct Plan0.51%
Bandhan Small Cap Fund Direct GrowthBandhan Small Cap Fund Direct Growth1.4%
HSBC Small Cap Fund Fund Direct GrowthHSBC Small Cap Fund Fund Direct Growth0.32%
Mahindra Manulife Small Cap Fund Direct GrowthMahindra Manulife Small Cap Fund Direct Growth0.92%
Mahindra Manulife Multi Cap Fund Direct Plan GrowthMahindra Manulife Multi Cap Fund Direct Plan Growth0.65%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
56.46%
0.00
Foreign Institutions
0.7%
0.00
Mutual Funds
13.74%
0.00
Retail Investors
29.11%
0.00
Others
0%
0.00

Technicals of Nitin Spinners Ltd share

News & Events of Nitin Spinners Ltd

Frequently Asked Questions

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Nitin Spinners Ltd (NITINSPIN) share price today is ₹366.65

Nitin Spinners Ltd is listed on NSE

Nitin Spinners Ltd is listed on BSE

  • Today’s highest price of Nitin Spinners Ltd is ₹369.95.
  • Today’s lowest price of Nitin Spinners Ltd is ₹352.

Today’s traded volume of Nitin Spinners Ltd(NITINSPIN) is 1.09L.

Today’s market capitalisation of Nitin Spinners Ltd(NITINSPIN) is ₹1993.28Cr.

Nitin Spinners Ltd(NITINSPINPrice
52 Week High
₹394.6
52 Week Low
₹227

Nitin Spinners Ltd(NITINSPIN) share price is ₹366.65. It is down -7.08% from its 52 Week High price of ₹394.6

Nitin Spinners Ltd(NITINSPIN) share price is ₹366.65. It is up 61.52% from its 52 Week Low price of ₹227

Nitin Spinners Ltd(NITINSPINReturns
1 Day Returns
12.1%
1 Month Returns
4.46%
3 Month Returns
1.2%
1 Year Returns
39.56%