Indo Count Share Price Soars | इंडो-काउंट इंडस्ट्रीज कंपनी के शेयर में जोरदार खरीदारी
🚀📈 The share price of Indo Count Industries has been witnessing a strong buying trend, providing investors with lucrative returns both in the long term and short term. Several brokerage firms are expressing positive sentiments about the company’s shares.
📅 Yesterday, in the trading session, Indo Count Industries’ shares were trading at ₹319.00, up by 8.26%. On Friday, March 15, 2024, the share of Indo Count Industries was trading at ₹328.70, with a 2.58% increase.
💰 Investors who invested ₹83,000 in Indo Count Industries’ shares 11 years ago now have a return of over ₹1 crore. The share price was trading at ₹2.64 on March 8, 2013. It has now reached ₹328.
📈 Last year, on March 28, 2023, Indo Count Industries’ stock was trading at its annual low of ₹101.15. In just 11 months, the company’s shares have given investors a return of over 260%.
🌍 Indo Count Industries is India’s largest bedsheet and blanket exporter, with a production capacity of 153 million meters. The company derives 95% of its revenue solely from its export business, with 74% coming from the American market.
🌟 In the last quarter of FY24, Indo Count Industries has set a target to increase margins over the next three years in comparison to a reserve capital of ₹1,000 crore, focusing on a strong customer base, product expansion capacity, reaching new foreign markets, and emphasizing on premium products.
🌏 With business growing in the American market, India may soon sign free trade agreements with Britain and the European Union. Brokerage firm Nuveam recommended buying Indo Count Industries’ shares on March 13, 2024, setting a target price of ₹430.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
