Hey, Are you searching for an Axita Cotton Ltd share price target 2024,2025 till 2030 then you are in the right place. In this article, I am going to analyze this stock based on fundamentals and technicals so you will get full information about the stock.
Axita Cotton Ltd is a private company incorporated on July 16 2013 as Axita Cotton Private Limited in Ahmadabad Gujarat State.
On October 15, 2018, the company became a public limited company and the name was changed to Axita Cotton Limited.
Business Area of Axita Cotton Company.
Axita cotton is the main business of ginning and processing seed cotton (Kapas). The main products of the company are cotton bales and cotton seeds. The company is also involved in the business of trading Kapas. Cotton Bales and Cotton Seeds. The company also makes ginning and pressing of Kapas on job work bases. The production center of the company is located at Kadi in the Mehsana district of Gujarat state.
Fundamentals of the Axita Cotton Company.
The market cap of the company is 1173.46 CR.
The number of shares is 19.66 CR
The company’s PE is 80.72
The company’s PB is 25.09
The dividend yield is 0.01%
the cash reserve of the company is 3.54 CR
the company has zero debt
sales growth of the company is 32.97%
profit growth of the company is 289.39%
The sales growth of the company in the last year is 32.97%, in the last 3 years is 56.8%, and in the last 5 years is 55.59%.
The company profit growth for the last year is 289.39%, in the last 3 years ago 215.84% and in the last 5 years is 251.49%.
debt to equity ratio of the company is zero which indicates that the company is debt free.
The PE ratio of the company is 80.58 which is high as comparatively the company is right now overvalued.
The return on investment (ROA) of the company is 13.44% which is a bad sign for the future performance of the company.
Latest News on Axita Cotton.
On March 14, 2023, the company informed that the company received a contract from Taraspinning Mills, Bangladesh, and Khadiza Sadek Spinning Mills Limited Bangladesh for Indian Raw Cotton Valued the $2716091.84.
Technical Analysis of Axita Cotton.
Axita Cotton Ltd was a textile sector company listed on the NSE on 21 June 2022 so the company has only 10 months of data on the NSE. So to know the trend and chart structure formation we are taking weekly charts to analyze the stock’s future prediction.
Right now on the day of 6 April 2023, the stock is trading at nearly 62.85. From the listing day to now, the stock is following in zigzag pattern and making higher highs and higher lows.
After making a high of 69.70 the stock made a low of 49.95 and the stock is moving in its upward direction if the stock crosses 69.95 and sustains above this level then the first target is 86.75, the second target is 125.80 and the third target is 172.70.
Major supports for the stock are the first to support is 50.45, second support is 46.35, and third support is 41.50.
Major resistances for the stock are the first resistance of 69.95, the second resistance is 86, and the third resistance is 125.
Axita Cotton share price target/prediction/forecast
| Year | Minimum | Maximum |
| 2023 | 53.55 | 69.95 |
| 2024 | 67 | 86.75 |
| 2025 | 82 | 125 |
| 2026 | 118 | 172 |
| 2027 | 165 | 220 |
| 2028 | 212 | 268 |
| 2029 | 257 | 336 |
| 2030 | 327 | 411 |
Axita Cotton share price target 2023
Axita Cotton’s share price target for 2023 will be a minimum of 53.55 and a maximum of 69.95.
Axita Cotton share price target 2024
Axita Cotton’s share price target for 2024 will be a minimum of 67 and a maximum will be 86.75.
Axita Cotton share price target 2025
Axita Cotton’s share price target for 2025 will be a minimum of 82 and the maximum will be 125.
Axita Cotton share price target 2026
Axita Cotton’s share price target for 2026 will be a minimum of 118 and a maximum will be 172.
Axita Cotton share price target 2027
Axita Cotton’s share price target for 2027 will be a minimum of 165 and the maximum will be 220.
Axita Cotton share price target 2028
Axita Cotton’s share price target for 2028 will be a minimum of 212 and a maximum will be 268.
Axita Cotton share price target 2029
Axita Cotton’s share price target for 2029 will be a minimum of 257 and a maximum will be 336.
Axita Cotton share price Target 2030
Axita Cotton’s share price target for 2030 will be a minimum of 327 and a maximum will be 411.
Conclusion:
By analyzing the stock on the basis of technical and fundamentals the stock doing good in its textile sector. The fundamentals of the stock are good and the stock is technically strong and following the uptrend. So before investment check once all scenarios and market conditions. The analysis made here is for reference purposes only. All negative and positive sides are mentioned here. So if you like this article then share this article with your friends and family and comment below for more information mail us thank you.
