The market capitalization of Katare Spinning, a small-cap firm listed on the BSE, is 112.89 Cr. This company operates in the consumer discretionary industry. The company manufactures textiles and also handles cotton blending and spinning activities. Based in Solapur, India, Katare Spinning Mills sells cotton and synthetic yarns. In the example of Katare Spinning Mills on Wednesday, there were only buyers in the closing session as the stock hit the 5% upper circuit on BSE. 396.10 per share. This is an upside gap of 5.00% of the closing price from its previous closing 377.25 and at current level the stock is below its upper price range of 415.90 (5%) and its lower price range is above 376.30 (5%). Since June 27, 2022, the share price of Katare Spinning Mills has been rising steadily and has been seen hitting the upper circuit back-to-back. Today 2,007 shares were traded on the BSE.
Katare Spinning Share Price History
out of stock 18.80 on July 19, 2021, at its current level during the previous year, represents a spectacular multibagger return of 2,006.91 per cent, when the Sensex had risen only 1.15 per cent, outperforming the index by 2005.76 per cent. The stock has so far generated a multibagger return of 794.13 per cent in 2022, as compared to the Sensex’s 9.58 per cent fall in the same period. 44.30 up to January 3, 2022, on a year-on-year basis at the current level. stock has risen 68.50 on January 14, 2022, at its current level in the last six months, represents a multibagger return of 478.25 per cent as compared to the Sensex’s fall of 12.59 per cent in the same time period. The stock has gained 51.56 per cent over the last month, outperforming the Sensex’s 1.56 per cent rise, and in the last 5 trading days, surpassing the Sensex’s 0.89 per cent decline in the same time period, The stock has gained 21.88%.
Key Features of Katare Spinning Shares
The company had a 52-week high on the BSE 497.10 on April 8, 2022, and its 52-week low of . was 17.85 on September 27, 2021. This means that the stock is now trading 20.31 percent below its 52-week high and 2119.04 percent above its 52-week low. Stock hits intraday high of 396.10 more intraday low during trading today 396.00. Company’s strong TTM EPS growth 52.47 crore, which places it among the textile firms with high TTM EPS growth, speaks loudly about the company’s effectiveness in terms of its business potential. The company reported EPS of Rs. 27.79 crore for the quarter ended March 2022, the highest since March 2011 and reflects strong annual EPS growth. The stock currently has a delivery percentage of 98.8%, which is significantly higher than the previous day and last month and suggests intense buying pressure. The promoter shareholding of the company is the lowest since June 2019 at 47.73% and the book value per share of the company is 438.82 which indicates that the stock is trading at a low P/B of 0.91 times its book value at the current price level.
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