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HomeBANKING₹68 Share Now In News; Big Announcement Can Be Seen; Double Earnings...

₹68 Share Now In News; Big Announcement Can Be Seen; Double Earnings Possible

Budget: The first financial budget of the third phase of Prime Minister Narendra Modi was announced on 23 July 2024. In which big announcements can be seen for many sectors of the country. 

It is speculated that big announcements can be seen for agriculture and fertilizer in the full budget of the financial year 2025.

If this happens, then companies related to these sectors will be seen expanding their business. Although there are many fertilizer companies in the country, Nova Agritech Ltd (NSE: NOVAAGRI) has been in the news for some days. 

If you are also considering investing in a fertilizer company, then Nova Agritech Ltd can be a good option for you.

Information About The Business

Nova Agritech Ltd is a company that is associated with agriculture. The company is seen producing crop nutrition and crop protection products along with soil health management. 

The market value that this firm has is about 646 crore rupees. The value of shares in the company is 69.92 rupees. The 52 week low price is Rs 41 and the 52 week high price is Rs 77.20.

Experts Are Advising To Buy

The company is seen performing well in its respective sector, given which the country’s well-known stock market expert has described investing in the company as a good option. 

He says that buying it can be profitable when the stock price falls. The stock can be purchased at Rs 66, while its target price can be kept at Rs 80 or 90.

Giving information about the fundamentals of the stock, experts say that the stock price is favorable according to the valuation of the company, apart from this, the company’s return on equity is 22%. 

The company’s profit growth in 3 years has been 63 percent and the sales growth has increased by 16 to 17%, that is, looking at the fundamentals of the company, the company can be a good option for investment.

IPO Launched A Few Months Ago

The company announced the IPO in January, the first month of the year. The company’s IPO started on January 23 and lasted till January 25. 

The size of this IPO was Rs 141.281 crores. Under this 27,317,073 shares worth 112 crores and 7,758,620 equity shares worth 31.81 crores were launched for offer-for-sale.

Under this IPO, the listing issue price of the share increased from Rs 41 to Rs 56. The lot size of the share under this IPO was 365 shares. 

The minimum amount to invest in this IPO is Rs 14235. This IPO was seen to be subscribed 113 times.

Nova Agritech Ltd Stock Performance

Current Price₹ 67.7
52-wk High₹ 78.5 
52-wk Low₹ 45.0
5 Days Return4.99%
1 Month Return7.89%

Key Fundamentals Parameters

Market Cap₹ 626 Cr.
Stock P/E22.1
Book Value₹ 20.9
Dividend0.00 %
ROCE21.8 %
ROE22.0 %
Face Value₹ 2.00
P/B Value3.25
OPM17.6 %
EPS₹ 3.06
Debt₹ 61.2 Cr.
Debt to Equity0.32

Nova Agritech Ltd Shareholding Pattern

Promoters Holding
Mar 202459.38%
June 202459.38%
FII Holding
Mar 20244.72%
Jun 20243.14%
DII Holding
Mar 20243.27%
Jun 20241.82%
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Public Holding
Mar 202429.92%
Jun 202432.97%
Others
Mar 20242.70%
Jun 20242.70%

Nova Agritech Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 138 Cr
2021₹ 161 Cr
2022₹ 186 Cr
2023₹ 211 Cr
2024₹ 252 Cr

Last 5 Years’ Net Profit:

2020₹ 4 Cr
2021₹ 6 Cr
2022₹ 14 Cr
2023₹ 20 Cr
2024₹ 28 Cr

Conclusion

This article provides a detail guide about Nova Agritech Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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