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This Smallcap Textile Stock Gains 216% In 6 months & 809% In 1 Yr, Breaks The Bear-run On Dalal Street
Axita Cotton Ltd. is one such textile stock, listed in NSE and BSE, which has given sharply high returns to the shareholders, both in the long term and short term period, breaking all the bear-run on Dalal Street. The stock's potential is being noticed by investors, and trade volume is rising, today it was reported at around 36,133.
Axita Cotton Ltd. - BSE market tracking
The current market price of Axita Cotton Ltd. stood at Rs. 232.80/share on BSE, gaining by 9.99% in one day, till 1.37 pm. Only in the last 5 days, the share price of this company has surged by 33.79% on BSE. In the past 6 months, its stock price has surged by 216.61%, and in the past 1 year, its stock price has surged by 809.38%. Additionally, in the long term, this stock's performances have sharply bullish, it has gained by 1,003.32% in the past 5 years.
Today the stock price again reached a fresh 52-week high level. The 52-week high level of this stock is Rs. 232.80, and the 52 week-low level of this stock is Rs. 18.20. Since July, 2021, Axita Cotton Ltd. has thrived compared to its peer stocks.
| Market capitalization | Current market price | 1 year performance | 5 year performance |
|---|---|---|---|
| Rs. 458 crore | Rs. 232.80 | 809.38% | 1003.32% |
About the company - Axita Cotton Ltd.
It is a small-cap textile company with a market capitalization of around Rs. 458 crore. Its P/E ratio is 31.46. It has a low stock price, so affordable for investors to acquire more units of it. It is offering a dividend yield of 0.21%.
Axita Cotton Ltd. was established in 2011 for cotton ginning and pressing plan, having an installed capacity of processing 26280 MT/per annum of seed cotton. In FY22, the company's revenue stood at Rs. 822.82 crore, other income was reported at Rs. 6.75 crore, total income was reported at Rs. 829.58 crore, and net profit stood at Rs. 14.54 crore, according to data available with BSE.
Analysts' opinions on high ROE and the present market situation
ROE is a measure of a company's profitability. According to a report by simplywall.st, "Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. First thing first, we like that Axita Cotton has an impressive ROE. Additionally, the company's ROE is higher compared to the industry average of 11% which is quite remarkable. As a result, Axita Cotton's exceptional 72% net income growth seen over the past five years, doesn't come as a surprise."
According to Roop Bhootra, CEO of investment Services, Anand Rathi Shares and Stock Brokers, "Inflation, geopolitical uncertainties and fear of recession especially in developed markets are biggest concerns for the market in the near term. The market has seen a major part of correction and valuations have also come down, and now major indices are trading at attractive levels. Hence, most of the fall is behind us." However, at this tough time, watching the stock performances of Axita Cotton Ltd., investors can check the potential of this company in the equity markets.
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.
