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HomeINVESTMENT20% Upper Circuit Hit; Rekha Jhunjhunwala Portfolio Share; Suddenly Huge Buying Start

20% Upper Circuit Hit; Rekha Jhunjhunwala Portfolio Share; Suddenly Huge Buying Start

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Metro Brands (NSE: METROBRAND) share: Veteran investor portfolio stock Metro Brands witnessed tremendous buying on the Last trading day and hit an 20% upper circuit.

On the forth trading day of the week, that is on Thursday, this stock has seen a little bit correction and the price is at Rs 1171.60.

On the Last closing day, some profit-booking was seen at the time of closing and the share closed at Rs 1175.15 with a gain of 13.42%.

Details Of Shareholding Pattern

Talking about the shareholding pattern of Metro Brands Limited, a 74.17 percent stake is with the promoter. At the same time, public shareholding is 25.83 percent. 

The promoters or promoter groups of the company include Mumtaz Jaffer, Suleman Sadruddin Bhanji, Rafiq Malik, Farah Malik Bhanji, and Alisha Rafiq Malik. 

Let us inform you that Rekha Jhunjhunwala, wife of late veteran investor Rakesh Jhunjhunwala, held a 4.8 percent stake in the company at the end of December. 

This is equivalent to 1,30,51,206 shares.

December Quarter Situation

Metro Brands reported a net income of Rs 113 crores during the period October-December.

However, revenue from operations rose 6.14% to Rs 635.5 crore during the quarter, compared to Rs 598.7 crore in the year-ago period. 

Let us tell you that Metro Brands Limited was started in 1955 and since then it has grown as a one-stop-shop for all footwear needs.

Let us tell you that the IPO of Jhunjhunwala family-backed Metro Brands came in December 2021.

This IPO price band was fixed at Rs 485-500. The company disappointed investors on the day of listing.

Stock Market Condition: 

The stock market was volatile on, the forth trading day of the week.

BSE’s 30-share index Sensex closed at 72,800.91 points with a gain of 699.22 points or 0.97 percent.

During trading, the Sensex also touched a high of 72,402.67 points and a low of 71,674.42 points.

The National Stock Exchange Nifty Index closed at 21,839.10, an increase of 21.65 points or 0.1 percent.

About Metro Brands Ltd

Metro Brands Limited is an Indian-based specialty retailer. The company sells a variety of products that are branded for women, men, and children and any occasion, such as formal and casual events. 

The Company has products under its brands like  Mochi, Metro, Da Vinchi Walkway, and J. Fontini along with other third-party brands like Crocs, Skechers, Clarks and Fitflop, Proline, and Fila. 

The Company has 739 stores in 174 cities across thirty-one states & union territories within India.

It markets its products via its websites, numerous marketplaces for e-commerce, & various social platforms.

Fundamental Analysis of Metro Brands Ltd

Market Cap₹ 31,971 Cr.
Current Price₹ 1,173.55
52-wk High₹1,441 
52-wk Low₹764
Stock P/E98.1
Book Value₹ 61.6
Dividend0.34 %
ROCE24.3 %
ROE25.4 %
Face Value₹ 5.00
P/B Value19.1
OPM29.5 %
EPS₹ 12.0
Debt₹ 1,060 Cr.
Debt to Equity0.63

Metro Brands Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹1295₹1500
2025₹1523₹1580
2026₹1600₹1742
2027₹1800₹1850
2028₹1900₹2089
2029₹2100₹2200
2030₹2280₹2370
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Metro Brands Ltd Shareholding Pattern

Promoters Holding
Dec 202274.20%
Mar  202374.20%
June 202374.20%
Sept  202374.20%
Dec 202374.17%
FII Holding
Dec 20223.22%
Mar  20232.80%
June 20232.61%
Sept  20232.33%
Dec 20232.69%
DII Holding
Dec 20224.93%
Mar  20235.29%
June 20235.72%
Sept  20236.10%
Dec 20235.98%
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Public Holding
Dec 202217.65%
Mar  202317.72%
June 202317.45%
Sept  202317.36%
Dec 202317.16%

Metro Brands 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₹1,217 Cr
2020₹1,285 Cr
2021₹800 Cr
2022₹1,343 Cr
2023₹2,318 Cr

Last 5 Years’ Net Profit:

2019₹153 Cr
2020₹161 Cr
2021₹65 Cr
2022₹214 Cr
2023₹329 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

2019–-
2020–-
2021–-
20220
20230

Last 10 Years’ Profit Growth:

10 Years:–-
5 Years:21%
3 Years:31%
Current Year:-10%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:20%
3 Years:19%
Last Year:25%

Last 10 Years’ Sales Growth:

10 Years:–-
5 Years:15%
3 Years:18%
Current Year:17%

Conclusion

This article is a complete guide about Metro Brands 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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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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