Nitin Spinners (India) Today
| NITINSPIN | 354.55 2.65 0.74% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Nitin Spinners is selling at 354.55 as of the 30th of April 2024; that is -0.74 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 351.7. Nitin Spinners has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Nitin Spinners Limited are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of January 2023 and ending today, the 30th of April 2024. Click here to learn more.
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Nitin Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nitin Spinners' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nitin Spinners or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Nitin Spinners Limited (NITINSPIN) is traded on National Stock Exchange of India in India and employs 5,229 people. Nitin Spinners is listed under Textiles, Apparel & Luxury Goods category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 20.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nitin Spinners's market, we take the total number of its shares issued and multiply it by Nitin Spinners's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nitin Spinners operates under Textiles, Apparel & Luxury Goods sector and is part of Consumer Discretionary industry. The entity has 56.22 M outstanding shares.
Nitin Spinners Limited has accumulated about 3.55 M in cash with 1.94 B of positive cash flow from operations.
Check Nitin Spinners Probability Of Bankruptcy
Ownership AllocationNitin Spinners Limited holds a total of 56.22 Million outstanding shares. Nitin Spinners Limited holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Nitin Ownership Details
Nitin Spinners Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nitin Spinners market risk premium is the additional return an investor will receive from holding Nitin Spinners long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nitin Spinners. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nitin Spinners' alpha and beta are two of the key measurements used to evaluate Nitin Spinners' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.87 | |||
| Semi Deviation | 2.29 | |||
| Standard Deviation | 2.9 | |||
| Variance | 8.41 |
Nitin Stock Against Markets
Picking the right benchmark for Nitin Spinners stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nitin Spinners stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nitin Spinners is critical whether you are bullish or bearish towards Nitin Spinners Limited at a given time. Please also check how Nitin Spinners' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nitin Spinners without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nitin Spinners Corporate Management
Elected by the shareholders, the Nitin Spinners' board of directors comprises two types of representatives: Nitin Spinners inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nitin. The board's role is to monitor Nitin Spinners' management team and ensure that shareholders' interests are well served. Nitin Spinners' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nitin Spinners' outside directors are responsible for providing unbiased perspectives on the board's policies.
| K Pareek | VP HR | Profile | |
| Sudhir Garg | VP Secretary | Profile | |
| Umesh Toshniwal | Joint Marketing | Profile | |
| Sandeep Garg | Pres Operations | Profile |
How to buy Nitin Stock?
Before investing in Nitin Spinners, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nitin Spinners. To buy Nitin Spinners stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nitin Spinners. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nitin Spinners stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nitin Spinners Limited stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nitin Spinners Limited stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nitin Spinners Limited, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Nitin Spinners Limited?
The danger of trading Nitin Spinners Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nitin Spinners is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nitin Spinners. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nitin Spinners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nitin Spinners Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Nitin Stock analysis
When running Nitin Spinners' price analysis, check to measure Nitin Spinners' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nitin Spinners is operating at the current time. Most of Nitin Spinners' value examination focuses on studying past and present price action to predict the probability of Nitin Spinners' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitin Spinners' price. Additionally, you may evaluate how the addition of Nitin Spinners to your portfolios can decrease your overall portfolio volatility.
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