Market Performance
Nandan Denim share price edged higher on Tuesday, trading at ₹2.94 per share, marking a nearly 1% increase during the session. The textile firm’s rise came despite weak trends in the broader Indian stock market, highlighting its resilience amid market volatility.
The stock opened at ₹2.85, dipping slightly below its previous close of ₹2.91 on the BSE, but quickly recovered to reach ₹2.94.
In the near term, the penny stock has faced pressure:
- Down over 6% in the past month
- Slipped 24% in the last six months
- Declined 40% over the last year
Despite these short-term fluctuations, Nandan Denim has been a multibagger for long-term investors, delivering 220% returns over five years.
Main News: Credit Ratings Reaffirmed by Infomerics
Nandan Denim recently announced that Infomerics Ratings has reaffirmed its credit ratings on the company’s bank facilities worth ₹339.74 crore, signaling a stable credit profile.
Key highlights from the exchange filing include:
- Long-term borrowings: ₹279.74 crore rated IVR BBB / Stable
- Short-term facilities: ₹60 crore rated IVR A3+
- Rating action: Both ratings reaffirmed, reflecting a comfortable liquidity position
This reaffirmation underlines the company’s robust financial health, even in a challenging market environment.
Company Details: Q2 Performance 2025
Nandan Denim reported its Q2 2025-26 results, showing a mixed picture:
- Income from operations: ₹786.51 crore, down 7.70% from ₹852.17 crore in Q2 last year
- Expenses: ₹778.20 crore, reduced from ₹840.76 crore in the same quarter last year
- Net profit: ₹9.44 crore, up 7.64% from ₹8.77 crore year-on-year
The results indicate that while revenues slightly declined, the company managed costs efficiently, resulting in a modest rise in profitability.
Nandan Denim Share Price Overview
The penny stock is listed on both BSE and NSE. Key price levels in recent trading include:
- 52-week high: ₹5.18 (January 2, 2025)
- 52-week low: ₹2.85 (earlier today)
Despite short-term volatility, Nandan Denim continues to attract long-term investor interest due to its historical performance as a multibagger stock.
Summary
Nandan Denim share price showed resilience on Tuesday, climbing nearly 1% amid weak market trends. Reaffirmed credit ratings from Infomerics and stable liquidity position signal financial stability. While revenue dipped slightly in Q2 2025, net profits rose, reflecting operational efficiency.
For investors tracking penny stocks, Nandan Denim remains a stock with long-term wealth creation potential, even as near-term fluctuations persist.
Source: Livemint
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