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Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct Capacity enhancement to support long-term growth story! About the stock: Nitin Spinners (NSL) has graduated from a small pure spinning company to a company with a sizeable presence in India’s yarn market (3 lakh+ spindles). Forward integration into knitted and finished woven fabrics (~ 27% of revenues) in its product portfolio, which yields more superior margins than spinning has fortified its presence across the textile value chain. • NSL invested in capacity building over t...
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct
Buy Nitin Spinners Ltd For Target Rs.360 - ICICI Direct
Source: ICICI Direct
1/09/2023 1:05:53 PM
Buy Nitin Spinners Ltd For Target Rs.290 - ICICI Direct About the stock: Nitin Spinners (NSL) has graduated from a small pure spinning company to a company with a sizeable presence in India’s yarn market (3 lakh+ spindles). Forward integration into knitted and finished woven fabrics (~ 25% of revenues) in its product portfolio, which yields more superior margins than spinning has fortified its presence across the textile value chain. * NSL invested in capacity building over the last decade, more than quadrupled its spinning capacities and...
Buy Nitin Spinners Ltd For Target Rs.290 - ICICI Direct
Buy Nitin Spinners Ltd For Target Rs.290 - ICICI Direct
Source: ICICI Direct
30/05/2023 2:23:28 PM
Nitin Spinners, multibagger stock of 2021, trading 40% off highs Shares of Nitin Spinners have come down around 40 per cent off its 52-week high of Rs 345. At Friday's closing, the shares traded at Rs 215 per share. The company deals in textile and is one of the leading manufacturers of cotton and blended yarns, grey knitted fabrics and finished and printed woven fabrics. Notably, in 2021, the textile manufacturer was one of the multibaggers as the company's shares rose over 200 per cent cumulatively. Analysts felt much of the rally was...
Nitin Spinners, multibagger stock of 2021, trading 40% off highs
Nitin Spinners, multibagger stock of 2021, trading 40% off highs
Source: IANS
13/06/2022 8:42:35 AM
Nitin Spinners Q4 net profit jumps 99.42% at Rs 85.47 cr The company reported standalone net profit of Rs 85.47 crore for the quarter ended March 31, 2022 as compared to Rs 42.86 crore in the same period last year, registering a year-on-year growth of 99.42 per cent. Net revenue of the company rose substantially by 50.33 per cent at Rs 769.07 crore in January-March quarter of this fiscal as against Rs 511.58 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 47.68 per cent to Rs 601.62 crore f...
Nitin Spinners Q4 net profit jumps 99.42% at Rs 85.47 cr
Nitin Spinners Q4 net profit jumps 99.42% at Rs 85.47 cr
Source: Dion Global Solutions Ltd
12/05/2022 4:53:55 PM
Bhilwara Spinners, Nitin Spinners, Nahar Spinning stocks turn multibagger in 2021 Shares of Bhilwara Spinners, Nitin Spinners and Nahar Spinning Mills have witnessed a sharp rally in 2021. All three companies deal in textiles. The shares of Bhilwara Spinners, Nitin Spinners and Nahar Spinning Mills companies rose 219 per cent to Rs 47; 231 per cent to Rs 239; and 524 per cent to Rs 488, respectively, during the year-to-date period of 2021, exchange data showed. Analysts feel that much of the rally in these stocks, or all of those in textile trade, is because of th...
Bhilwara Spinners, Nitin Spinners, Nahar Spinning stocks turn multibagger in 2021
Bhilwara Spinners, Nitin Spinners, Nahar Spinning stocks turn multibagger in 2021
Source: IANS
26/12/2021 9:31:58 AM