Nandan Denim Ltd. News and Updates

Name: Latest research reports of Nandan Denim Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Nandan Denim Ltd.
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Author: Karvy

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Nandan Denim Ltd.

10 Feb 2020

3.61

-7.44%

Fire accident at Nandan Denim's Piplej factory

Business Line

A fire broke out in the shirting section of the weaving division of Nandan Denim's factory at Piplej, Ahmedabad, in the late hours of Saturday. The fi

Nandan Denim Ltd.'s price crossed below 50Day SMA today

Nandan Denim Ltd.

07 Jun 2019, 12:00AM

3.61

-7.44%

Nandan Denim Ltd: Working Capital Tightens

Sell: Nandan Denim Ltd.

Target

Karvy

Nandan Denim Ltd: Working Capital Tightens

Nandan Denim Ltd. is trading below its 50 day SMA of 3.8

Nandan Denim Ltd.

15 Feb 2019

3.61

-7.44%

Nandan Denim Ltd:Weakness to Persist till H2FY20E

Sell: Nandan Denim Ltd.

Target

Karvy

Weakness to Persist till H2FY20E: Volumes and realizations continue to reduce on account of oversupply. Denim volumes stood at 17.03 Mn at realisation of Rs. 122/metre in Q3FY19 vs 17.26 Mn atRs. 133/metre in the corresponding period in the last fiscal.

Nandan Denim Ltd. has lost -23.84% in the last 3 Months

Nandan Denim Ltd.

13 Nov 2018

3.61

-7.44%

Nandan Denim Ltd: Demand Outlook Looks Bleak for FY19E

Sell: Nandan Denim Ltd.

Target

Karvy

Demand Outlook Looks Bleak for FY19E: Overcapacity continues to lower margins. Realizations were down ~ 10% in H1FY19on YoY basis as domestic supply demand mismatch continues to impact sales.

Nandan Denim Ltd.'s price crossed below 50Day SMA today

Nandan Denim Ltd.

21 Aug 2018

3.61

-7.44%

Nandan Denim Ltd: Revenue Mix Worsens, Realization Improveme...

Sell: Nandan Denim Ltd.

Target

Karvy

Revenue Mix Worsens, Realization Improvement to Take Time: Denim contributed 60% of the total revenues, at Rs. 2168 Mn as of Q1FY19, vs 69%, in Q1FY18 and the sales of yarn and fabric continues to be higher, by 6% on YoY basis.

Nandan Denim Ltd. has lost -41.11% in the last 6 Months

Nandan Denim Ltd.

18 Jun 2018

3.61

-7.44%

Nandan Denim gains as promoter hikes stake

Business Line

Nandan Denim has informed the stock exchanges that Vedprakash Devkinandan Chiripa, belonging to the Promoter & Promoter Group entities, has acquir

Nandan Denim Ltd. has lost -41.11% in the last 6 Months

Nandan Denim Ltd.

05 Jun 2018

3.61

-7.44%

Nandan Denim Ltd: No Reprieve in Denim Demand Outlook

Sell: Nandan Denim Ltd.

Recommendation Target

Karvy

No Reprieve in Denim Demand Outlook: Proportion of Denim sales to the overall revenue mix has continuously been the low in FY17 (Q1 69.7%, Q2- 67.1%, Q3 63.2% and Q4 64%), indicating the supply-demand gap continues to be large. We expected recovery towards2HFY18, as industry and economy in general recovered from the double impact of demonetization and GST.

Nandan Denim Ltd. has lost -23.84% in the last 3 Months

Nandan Denim Ltd.

28 Feb 2018

3.61

-7.44%

Company news: Nandan Denim

Business Line

Nandan Denim has informed the exchanges that Vedprakash Chiripal, belonging to promoter & promoter group entities, has increased his stake in the company through open market pu

Nandan Denim Ltd.'s price crossed below 50Day SMA today

Nandan Denim Ltd.

14 Feb 2018

3.61

-7.44%

Nandan Denim Q3 profit up 61%

Business Line

Leading denim fabric manufacturer Nandan Denim Ltd on Wednesday, reported a 61 per cent increase in net profit and a 54 per cent increase in net sales in the third quarter of 2017-18, ended Decemb