Written By: Mobin
Talking about the jump in the stock, the shares of Nandan Denim saw a rise of more than 10% today, taking it to the level of ₹ 3.87.
The promoters held 51.01% stake as of December 2024, while FIIs bought 1,44,312 shares to reduce their stake to 0.58%.
The stock has a 52-week high of ₹ 7.33 and a low of ₹ 2.96, giving it a gain of 21%. And it is expected to go higher in the future.
Nandan Denim Limited is India's leading and the world's fourth largest denim manufacturer, which makes it even more special.
The company's revenue grew 100% to ₹926.15 crore in Q3FY25 and the final profit was ₹8.63 crore.
On 19 September 2024, a 10-for-1 stock split took place, turning one share of Rs 10 into 10 shares of Rs 1.
Talking about valuation, the stock has a PE of 11x, while the industry PE is 25x, making it a value for money stock.