Shares of Nitin Spinners rallied more than 1,100 per cent in the last four years as the stock gained to Rs 447 level from Rs 37 in July 2020.

From Rs 37 to Rs 440 in four years, brokerage see more upside in the multibagger stock

Board of Nitin Spinners approves change in directorate

North Eastern, Sportking India, Antony Waste Handling, Sonam Clock and Nitin Spinners, hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Earnings

Nitin Spinners standalone net profit rises 45.74% in the June 2024 quarter

North Eastern, Sportking India, MTNL, Nitin Spinners and RPG Life Sci, hit their fresh 52-week highs at 10:09AM.

Stock market update: Stocks that hit 52-week highs on NSE

Nitin Spinners is focusing on debottlenecking its existing manufacturing facilities to increase production base and is enhancing the share of VAP in its portfolio to improve profitability.

Nitin Spinners - Soft Raw Material Prices, Better Capacity Utilisation To Drive Profitability: Systematix

यार्न की डिमांड पहले के मुकाबले बेहतर: दिनेश नोलखा, MD, नितिन स्पिनर्स

#newsparviews  #NitinSpinners #zeebusiness #anilsinghvi #stockmarket 



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Mr. Dinesh Nolkha, MD, Nitin Spinners In Conversation With Zee Business

Dolly Khanna is a Chennai-based large investor, who is known for lesser-known picks that tend to go on to overperform in the stock market.

Talbros, Nitin Spinners, Mangalore Chemicals among stocks where Dolly Khanna increased stake in Q1

Broker’s call: Nitin Spinners (Buy)

Emkay Global Financial is bullish on Nitin Spinners has recommended buy rating on the stock with a target price of Rs 304 in its research report dated March 24, 2023.

Buy Nitin Spinners; target of Rs 304: Emkay Global Financial

Emkay Global Financial is bullish on Nitin Spinners has recommended buy rating on the stock with a target price of Rs 302 in its research report dated February 04, 2023.

Buy Nitin Spinners; target of Rs 302: Emkay Global Financial

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Nitin Spinners Limited is engaged in textiles business. The Company manufactures cotton yarn and cotton knitted fabric.