Why is Nitin Spinners falling/rising?
As of 04-Sep, Nitin Spinners Ltd is priced at 334.00, having declined -5.26% over the last three days and -25.70% year-to-date, significantly underperforming the market despite increased investor participation. The company's recent quarterly results have been disappointing, contributing to negative sentiment around the stock.
As of 04-Sep, Nitin Spinners Ltd is currently priced at 334.00, reflecting a slight decline of -0.1 (-0.03%). The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of -5.26% during this period. In the past week, the stock has decreased by -1.53%, and over the past month, it has seen a more significant drop of -7.85%. Despite these declines, the stock has outperformed its sector by 1.04% today. Additionally, while the stock is trading below all its moving averages, it has shown rising investor participation with a 27.65% increase in delivery volume compared to the five-day average. However, the company has faced challenges, including flat results in its latest quarterly report, which showed the lowest net sales and profit before depreciation and interest.Broader market context indicates that Nitin Spinners has significantly underperformed compared to the benchmark, with a year-to-date return of -25.70% against the Sensex's positive return of +3.30%. The stock's performance over the past year has also been poor, with a return of -21.60% compared to the broader market's decline of only -1.98%. While the company has demonstrated high management efficiency and healthy long-term growth, these positive factors have not been enough to offset the negative sentiment stemming from its recent financial results and overall market performance.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
