This Penny Stock is Rising Fast – 21% Growth in Weeks, Know About Stock

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.

Gain

The promoters held 51.01% stake as of December 2024, while FIIs bought 1,44,312 shares to reduce their stake to 0.58%.

Investment

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.

UP - Down

Nandan Denim Limited is India's leading and the world's fourth largest denim manufacturer, which makes it even more special.

Company

The company's revenue grew 100% to ₹926.15 crore in Q3FY25 and the final profit was ₹8.63 crore.

Revenue

On 19 September 2024, a 10-for-1 stock split took place, turning one share of Rs 10 into 10 shares of Rs 1.

Share Split

Talking about valuation, the stock has a PE of 11x, while the industry PE is 25x, making it a value for money stock.

Valuation

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