8 months ago

Nandan Denim Share Price Rises Despite Market Weakness

Nandan Denim Share Price Rises Despite Market Weakness
Penny stock under ₹5 edges higher despite weak trends in Indian stock market · livemint.com

Nandan Denim is a textile company whose share price went up a little bit on Tuesday, even though the overall market was not doing well.

A company called Infomerics Ratings said that Nandan Denim is still a good company to lend money to, which means they are stable.

This is good news because it shows that the company can pay back its loans.

In the last three months of the year, the company made a bit less money than last year, but they also spent less money.

This means they made a small profit, which is good.

Even though the share price has gone down a lot in the last year, it has gone up a lot in the last five years, so people who invested a long time ago have made a lot of money.

Key facts

Company
Nandan Denim
Share Price
₹2.94
Credit Rating
IVR BBB/Stable (Long-term), IVR A3+ (Short-term)
Bank Facilities
₹339.74 crore
Q2 Income
₹786.51 crore
Q2 Profit
₹9.44 crore
52-Week High
₹5.18
52-Week Low
₹2.85

Sources

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