Stock Market Is Currently At A Record High; This Stock Will Make You Earn In Short Term In Record High Market
Indo Count Industries (NSE: ICIL) share: Today, in this post we’ll discuss about Indo Count Industries latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.
The stock market is currently at an all-time high. Nifty made an all-time high of 22619 points this week and closed at 22513 points in the last trading session of the week.
The trend, sentiment, and momentum of the market remain positive. Talking about the American market, Dow Jones closed 307 points stronger.
When the market opens on Monday, this will provide support to the rise. If you are a short-term investor then the brokerage house has chosen Indo Count from the textile sector.
Indo Count Share Target
Indo Count is a textile company that mainly manufactures bedding. Its products are sold in 54 countries.
This share closed at the level of Rs 382.45 this week. Brokerage firm has advised short-term investors to buy this stock for the next 3 months.
The share has to be bought in the range of Rs 355-365. The target has been given at Rs 418 while the stop loss is to be kept at Rs 335.
At present this share is slightly out of the range. In such a situation, we can wait for the lower level.
Strong Rise From 2 Trading Sessions
This stock has been rising continuously for the last 2 trading sessions. On April 3, this share was at the level of Rs 345 and made a low of Rs 339.
In two days it jumped 11-12% and reached Rs 383. On Friday, this stock made an intraday high of Rs 386, which is an all-time high.
On April 1, this stock had made a low of Rs 338. On February 5, it had made the lowest level of the year at Rs 255.
Indo Count Share Price History
Indo Count is a multibagger textile stock. This share is at the level of Rs 383.
This week the stock has risen by 8.3 percent, about 20 percent in a month, 33 percent in three months, 25 percent so far this year, and 230 percent in a year.
About Indo Count Industries Ltd
Indo Count Industries Limited is an Indian company.
The company participates in the manufacturing and export of bedding sheets and quilts. The products offered comprise bedsheets, fashionable, and utility beds bedding for institutions, etc.
Brands in-house: Boutique Living, Haven, Revival, Pure Collection, Simply-put, Whole Comfort, Purity Home, The Cotton Exchange, Color Sense, Kids Corner, etc.
In the Boutique Living collection, the Company offers bedding sets as well as comforters, bedding combinations towels, doors, and a lot of other items.
The company manufactures its products located in Kolhapur, Maharashtra, and Bhilad, Gujarat.
Fundamental Analysis of Indo Count Industries Ltd
| Market Cap | ₹ 7,594 Cr. |
| Current Price | ₹382.45 |
| 52-wk High | ₹ 386 |
| 52-wk Low | ₹ 125 |
| Stock P/E | 22.3 |
| Book Value | ₹ 98.0 |
| Dividend | 0.52 % |
| ROCE | 15.1 % |
| ROE | 16.3 % |
| Face Value | ₹ 2.00 |
| P/B Value | 3.91 |
| OPM | 16.6 % |
| EPS | ₹ 17.2 |
| Debt | ₹ 850 Cr. |
| Debt to Equity | 0.44 |
Indo Count Industries Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 58.74% |
| Mar 2023 | 58.74% |
| June 2023 | 58.74% |
| Sept 2023 | 58.74% |
| Dec 2023 | 58.74% |
| FII Holding | |
| Dec 2022 | 9.30% |
| Mar 2023 | 9.28% |
| June 2023 | 9.14% |
| Sept 2023 | 10.24% |
| Dec 2023 | 10.66% |
| DII Holding | |
| Dec 2022 | 0.02% |
| Mar 2023 | 0.04% |
| June 2023 | 0.02% |
| Sept 2023 | 0.12% |
| Dec 2023 | 0.79% |
| Public Holding | |
| Dec 2022 | 31.94% |
| Mar 2023 | 31.93% |
| June 2023 | 32.10% |
| Sept 2023 | 30.88% |
| Dec 2023 | 29.80% |
Indo Count Industries Share: Last 5 Years’ Financial Condition
To better understand 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 | ₹ 1,934 Cr |
| 2020 | ₹ 2,080 Cr |
| 2021 | ₹ 2,519 Cr |
| 2022 | ₹ 2,842 Cr |
| 2023 | ₹ 3,279 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 60 Cr |
| 2020 | ₹ 73 Cr |
| 2021 | ₹ 249 Cr |
| 2022 | ₹ 359 Cr |
| 2023 | ₹ 341 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.32 |
| 2020 | 0.33 |
| 2021 | 0.43 |
| 2022 | 0.82 |
| 2023 | 0.47 |
Last 10 Years’ Profit Growth:
| 10 Years: | 21% |
| 5 Years: | 17% |
| 3 Years: | 22% |
| Current Year: | 28% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 22% |
| 5 Years: | 18% |
| 3 Years: | 21% |
| Last Year: | 16% |
Sales Growth Over 10 Years:
| 10 Years: | 10% |
| 5 Years: | 10% |
| 3 Years: | 13% |
| Current Year: | 12% |
Conclusion
This article is a complete guide about Indo Count Industries 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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