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HomeINVESTMENT20% Upper Circuit In This ₹6 Share; Huge Demand In This Penny...

20% Upper Circuit In This ₹6 Share; Huge Demand In This Penny Stock; Share Will Double?

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Penny Stock Return: After several days of pressure, the stock market rose once again on Thursday. In this positive environment, there was a huge demand for many penny stocks. 

One of these penny stocks is Kenvi Jewels Ltd stock. The stock hit a high of 20% upper circuit on the fourth trading day, Thursday during the trading.

During trading the share price reached the level of Rs 7.22. At the same time, the share closed at Rs 6.95. 

This price represents a positive return of 15.45% from the previous closing of Rs 6.02. Let us tell you that in June 2023, this share had touched 52 52-week highs of Rs 15.70.

What Is The Shareholding Pattern

If we look at the shareholding pattern of Kenvi Jewels Limited, 64.72 percent stake is with the promoters. The public shareholding in the company is 35.28 percent.

The company’s promoters include Navikkumar Champaklal Valani, Champaklal Devchandbhai Valani, Chirag Champaklal Valani, and Hetal Chirag Valani.

How Was The December Quarter Results?

Kenvi Jewels Ltd’s sales grew 64.15% to Rs 36.16 crore during the December quarter. Sales in December 2022 were Rs 22.03 crore.

The net profit of the company was Rs 0.25 crores in the quarter ending December 2023.

It was Rs 0.08 crore in the December 2022 quarter. This is a significant increase of 218.71%.

Condition Of The Stock Market

On Thursday, BSE’s 30-share sensitive index Sensex jumped by 539.50 points to 72,641.19 points. 

With this, the Nifty of the National Stock Exchange (NSE) jumped 172.85 points and closed at 22,011.95 points. 

BSE Midcap gained 2.36 percent to 38,652.42 points and Smallcap gained 2.01 percent to 42,321.99 points.

About Kenvi Jewels Ltd

Kenvi Jewels Limited, a company based in India, is engaged primarily in manufacturing and selling jewelry.

Manek Chowk is the company’s manufacturing facility. The jewelry is designed in-house. 

The Company can also have its jewelry designed and manufactured by third-party designers when required. 

The company sells gold jewelry with or without diamonds and precious stones. The product range of the Company includes wedding jewelry and festive jewelry.

It also features rings, chains, earrings, ear-chains, nose-rings/nosepins, waistbelts/mangal sutras, anklets/zudas, toe rings/toe rings, pendants/pendants/pendant sets, bracelets, and bangles. 

The company’s portfolio includes a wide range of jewelry, including traditional, Indo-Western, and modern. The company also custom-makes jewelry to meet individual requirements. 

Suvarnakrupa is the company’s brand name for its jewelry.

Fundamental Analysis of Kenvi Jewels Ltd

Market Cap₹ 87.8 Cr.
Current Price₹ 6.95
52-wk High₹ 15.7 
52-wk Low₹ 4.76
Stock P/E107
Book Value₹ 1.11
Dividend0.00 %
ROCE7.29 %
ROE4.03 %
Face Value₹ 1.00
P/B Value6.24
OPM1.32 %
EPS₹ 0.06
Debt₹ 4.84 Cr.
Debt to Equity0.34

Kenvi Jewels Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹7₹10
2025₹11₹16
2026₹18₹20
2027₹22₹31
2028₹32₹42
2029₹45₹60
2030₹62₹85
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Kenvi Jewels Ltd Shareholding Pattern

Promoters Holding
Dec 202265.10%
Mar 202365.10%
June 202365.10%
Sept 202365.10%
Dec  202364.72%
Public Holding
Dec 202234.89%
Mar 202334.89%
June 202334.89%
Sept 202334.90%
Dec  202335.28%

Kenvi Jewels Ltd Share: Last 5 Years’ Financial Condition

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₹31 Cr
2020₹35 Cr
2021₹40 Cr
2022₹67 Cr
2023₹118 Cr
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Last 5 Years’ Net Profit:

2019₹0 Cr
2020₹0 Cr
2021₹0 Cr
2022₹0 Cr
2023₹1 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.13
20200.05
20210.09
20220.03
20230.07

Last 10 Years’ Profit Growth:

10 Years:
5 Years:43%
3 Years:33%
Current Year:19%
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Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:2%
3 Years:3%
Last Year:4%

Sales Growth Over 10 Years:

10 Years:
5 Years:38%
3 Years:37%
Current Year:-16%

Conclusion

This article is a complete guide about Kenvi Jewels 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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