Dhani Services Ltd (NSE: DHANI) stock: Amid selling in the market, investors fell on the shares of small-cap company Dhani Services Ltd during trading.
On the third trading day of the week, this share fall by more than 2.97 percent to Rs 37.60.
After the close period of the trading day, the price of shares was 38.65 rupees. which was in the upward direction of 6.95%.
On August 8, 2023, the share price increased to Rs 49.13. It is the 52-week highest of the stock.
At present the stock has fallen by about 22 percent from its one-year high.
It has witnessed a growth of 63.63 percent compared to its 52-week low of 23.62, recorded on March 28 of the same year.
What Is The Motive Of This Growth?
The shares of Dhani Services Ltd surged after it released updates on its two real estate developments.
In a BSE announcement, the company stated that it had submitted plans for the building for approval to the Directorate of Town and Country Planning (DTCP), to approve 60 lakh square feet of residential development within Sector 104 in Gurugram by way of its fully-owned subsidiaries.
They were also informed that the project is scheduled to launch in July.
Additionally, the company said it has made a building plan presentation for the development of 2.6 lakh square feet of workplace salable area in Worli, Mumbai.
This project has been set to begin at the end of August 2024. the project was reported.
What Do Experts Think?
Regarding Dhani Services Ltd, an analyst told that the stock looks bearish with a breakout around the Rs 40 level.
Support for this stock can be seen at Rs 35. After this, a level of Rs 33.9 can be seen.
A market expert said- Dhani Services stock is likely to fall and may go as low as Rs 29.5 soon.
However, an analyst said the stock may see a level of Rs 42 soon. For this, keep a strict stop loss at Rs 35.
Let us tell you that till December 2023, the promoters held 31.25 percent stake in the company.
About Dhani Services Ltd
Dhani Services Limited is an Indian-based company that is data-driven technology firm.
The Company provides an online marketplace that caters to Indian consumers, who can benefit from credit cards for purchases made on its platform.
The company provides subscription-based, technology-enabled healthcare and financial transaction services via the Dhani App.
The Dhani application serves as a way for customers to gain access to its range of services.
The Company through its numerous other subsidiaries, engages in many different business endeavors that include data-driven technology,
which consists that provides the world’s largest online marketplace for Indian consumers.
Customers can also benefit from credit facilities for these purchases through its platform as well as investment reconstruction, stock trading, and many more.
The Company allows its customers to buy products from a variety of categories like electronics, food and footwear, household health, sports, and fitness, as well as jewelry and accessories, in addition to other categories.
Fundamental Analysis of Dhani Services Ltd
| Market Cap | ₹ 2,272 Cr. |
| Current Price | ₹ 37.6 |
| 52-wk High | ₹ 49.1 |
| 52-wk Low | ₹23.6 |
| Stock P/E | – |
| Book Value | ₹ 59.9 |
| Dividend | 0.00 % |
| ROCE | -5.05 % |
| ROE | -10.4 % |
| Face Value | ₹ 2.00 |
| P/B Value | 0.63 |
| OPM | -101 % |
| EPS | ₹ -8.05 |
| Debt | ₹ 832 Cr. |
| Debt to Equity | 0.23 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹38 | ₹55 |
| 2025 | ₹58 | ₹68 |
| 2026 | ₹70 | ₹94 |
| 2027 | ₹100 | ₹135 |
| 2028 | ₹150 | ₹185 |
| 2029 | ₹201 | ₹235 |
| 2030 | ₹242 | ₹265 |
| Promoters Holding | |
| Dec 2022 | 32.89% |
| Mar 2023 | 32.89% |
| June 2023 | 32.89% |
| Sept 2023 | 31.26% |
| Dec 2023 | 31.26% |
| FII Holding | |
| Dec 2022 | 15.87% |
| Mar 2023 | 14.56% |
| June 2023 | 14.14% |
| Sept 2023 | 14.38% |
| Dec 2023 | 14.27% |
| DII Holding | |
| Dec 2022 | 1.45% |
| Mar 2023 | 1.38% |
| June 2023 | 1.38% |
| Sept 2023 | 1.43% |
| Dec 2023 | 1.45% |
| Public Holding | |
| Dec 2022 | 44.96% |
| Mar 2023 | 46.33% |
| June 2023 | 46.74% |
| Sept 2023 | 48.10% |
| Dec 2023 | 48.20% |
| Others Holding | |
| Dec 2022 | 4.85% |
| Mar 2023 | 4.85% |
| June 2023 | 4.85% |
| Sept 2023 | 4.85% |
| Dec 2023 | 4.85% |
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹1,993 Cr |
| 2020 | ₹2,915 Cr |
| 2021 | ₹1,347 Cr |
| 2022 | ₹1,434 Cr |
| 2023 | ₹390 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹460 Cr |
| 2020 | ₹42 Cr |
| 2021 | ₹-230 Cr |
| 2022 | ₹-860 Cr |
| 2023 | ₹-487 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.61 |
| 2020 | 1.38 |
| 2021 | 0.69 |
| 2022 | 0.44 |
| 2023 | 0.25 |
Last 10 Years’ Profit Growth:
| 10 Years: | – |
| 5 Years: | – |
| 3 Years: | – |
| Current Year: | 8% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | -2% |
| 5 Years: | -4% |
| 3 Years: | -10% |
| Last Year: | -10% |
Sales Growth Over 10 Years:
| 10 Years: | 12% |
| 5 Years: | -9% |
| 3 Years: | -41% |
| Current Year: | -53% |
Conclusion
This article is a complete guide about Dhani Services Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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