Surat Textile Share target price 2022, 2023, 2024, 2025, 2030

Surat Textile Share target price 2022, 2023, 2024, 2025, 2030 :- Surat Textile Mills Limited is a company in the Textile sector. The current market value of the company is Rs 396 crores. The price of a single company share is ₹ 17.00 in the BSE market today and has not been listed on the NSE market as of now.

Therefore, here in this article we try to predict the price of Surat Textile for the year 2022, 2023, 2024, 2025 and 2030.

Surat Textile Share target price 2022, 2023, 2024, 2025, 2030 Target Price List

YEARTARGET PRICE
2022Rs 18 to 20
2023Rs 23 to 25
2024Rs 28 to 29
2025 Rs 32 to 34
2030Rs 60 to 65
Surat Textile Share target price 2022 ,2023 ,2024 ,2025 ,2030 table

Surat Textile Share Price Target 2022

Surat Textile Mills is involved in the manufacturing of Polyester Chips and Partially Fiber Yarn. Surat Textile Mills Ltd is a major manufacturer of yarn and polyester chips. The company’s product range includes cotton yarn, Synthetic filament yarn, and polyester chips. The company also became involved in the Yarns Construction business.

The target price of Surat Textile shares was able to enter it by about 2022. The target price of the first shares of Surat Textile by 2022 is estimated at Rs18 and the second target price of Surat Textile can go around Rs 20.

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Surat Textile Share Price Target 2023

The Company was established on November 29, 1945 under the Companies Act, 1913. Corporate Management is entrusted with a Board composed of professionals and persons with extensive technical, commercial and managerial experience. The board is headed by Shri M.R. Momaya who is the Chairman and CEO of the Company. The day-to-day operations are supervised by Wholetime Directors and assisted by a team of experienced and trained managers.

Price of two targeted shares in Surat Textile. The company was able to acquire it in 2023. The initial target price of Surat Textile is estimated at Rs 23 and the second target price of Surat Textile shares can be obtained for about Rs 25.

Also read :- Zee Media Share Price Target 2022, 2023, 2024, 2030https://marketinindia.com/zee-media-share-price-target-2022-2023-2024-2030/

Surat Textile Share target price 2022, 2023, 2024, 2025, 2030

Surat Textile Share Price Target 2024

The Company produces the highest quality woven Rope in the domestic market in the entire range of products.The Company has a wide range of production lines in Village. The company is well-equipped to meet the demand for high-quality cable for high-speed equipment and automatic wiring.

Here we are trying to analyze the price of two targeted shares in Surat Textile Mills that could be acquired around the year 2024. The initial target price of Surat Textile shares estimated at Rs 28 and the second target price for similar shares of Surat Textile is approximately Rs 29.

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Surat Textile Share Price Target 2025

Board members of Surat Textile Mills at their meeting formally approved the proposal for the sale of their Jolwa Manufacturing Division property in Village Jolwa, Taluka Palsana, District Surat, in the form of a continuous transfer of goods for a lump sum. total consideration of Rs.78 million.

In this section, we try to predict the price of two targeted shares in Surat Textile that will be able to recover by 2025. The initial target price of Surat Textile is estimated at Rs 32 and the second target price of Surat Textile is estimated at Rs 34.

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Surat Textile Share Price Target 2030

The total loss of Surat Textile Mills was reported at Rs 0.79 crore for the quarter ended December 2021 compared to the total profit of Rs 5.62 crore for the previous quarter ended December 2020. Sales decreased by 97.21% to Rs 1.20 crore for the quarter ended December 2021 compared to Rs. in December 2020 changed to 42.96%.

The price of two targeted shares of Surat Textile company can be bought by the end of 2030. The initial value of the target price of Surat Textile company will be able to receive by 2030 Rs 60 and the second target price of Surat Textile shares Until the end of this decade is almost Rs 65.

Also read :- Greaves Cotton Share Price Target 2022, 2023, 2024, 2025, 2030

Future Prospectus Surat Textile Share

  • The fuel crisis caused by the shortage of coal and the increase in the cost of color and chemicals have led to an increase in production costs, forcing the owners of several mills in Surat to lift the closure of dyeing and printing mills.
  • The industry experienced a similar decline when immigrant workers employed at these processing centers returned to their provinces during the industrial decline.

Risks of Surat Textile Share

  • The stock trades at 2.82 times its book value.
  • The company reports recurring profits, it does not issue shares.
  • The company has experienced a negative sales growth of 0.17% over the past five years.
  • The company has a low return on equity of 9.14% over the past 3 years.

Expert Views on Surat Textile Share

If you are looking for profitable stocks, Surat Textile Mills Ltd. can be an investment option that benefits you. Please remember that before investing in any stock, invest only after taking complete information about that stock.

Conclusion

I hope that after reading Surat Textile Share target price 2022, 2023, 2024, 2025, 2030 article, you must have got an idea in which direction the growth of the company is likely to go in the coming years. If you still have any question related to this article in your mind, then do not forget to tell in the comment. Stay tuned to Market in India to stay updated with such important information related to share market.

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