Bhandari Hosiery Exports Share Price Target From 2024 to 2030

Bhandari Hosiery Exports Limited stands as a prominent name in the textile and garment industry, offering a diversified range of knitted fabrics and garments. Known for its commitment to quality and innovation, the company has established itself as a reliable exporter in the international market. With a market capitalization of ₹173.08 crores and a P/E ratio of 20.58, Bhandari Hosiery Exports has emerged as an attractive investment opportunity for both retail and institutional investors. This blog delves into the share price targets for Bhandari Hosiery Exports from 2024 to 2030, analyzing its financial performance, investor base, and market positioning.

About the Company

Established in 1993 and headquartered in Ludhiana, Punjab, Bhandari Hosiery Exports Limited specializes in the manufacturing of knitted fabrics and garments for global export. The company’s product portfolio includes:

• T-shirts
• Polo shirts
• Sweatshirts
• Track pants
• Sportswear
• Kids’ wear

Bhandari Hosiery Exports has built long-term relationships with international buyers through its focus on quality and innovation. Its commitment to sustainability and responsible manufacturing practices further enhances its business value in the competitive textile and apparel industry.

Shareholding Pattern for Bhandari Hosiery Exports

As of September 2024, the shareholding pattern of Bhandari Hosiery Exports is as follows:

• Retail and Others: 68.98%
• Promoters: 31.02%

A significant development is the increase in promoter holding from 27.63% to 31.02% in September 2024, reflecting strong confidence in the company’s future growth and performance.

Key Financial Metrics for Bhandari Hosiery Exports Share Price

• Open Price: ₹7.25
• High Price: ₹7.36
• Low Price: ₹7.09
• Market Capitalization: ₹173.08 crore
• P/E Ratio: 20.58
• Dividend Yield: 0.14%
• 52-Week High: ₹11.32
• 52-Week Low: ₹5.46

The stock price currently stands at ₹7.22, marking a 30.09% growth from the previous year. Despite competitive pressures, there remains ample room for further growth.

Bhandari Hosiery Exports Share Price Targets From 2024 to 2030

The share price targets for Bhandari Hosiery Exports over the next seven years, based on financial analysis, industry trends, and market dynamics, are as follows:

Growth-Driven Factors for Bhandari Hosiery Exports Share Price

1. Strong Export Base: The company’s robust presence in international markets ensures steady demand for its high-quality knitted fabrics and garments, driving top-line revenue growth.
2. Promoter Confidence: The recent increase in promoter holding highlights confidence in the company’s future potential.
3. Sustainable Manufacturing: Adopting sustainability practices aligns the company with global trends and attracts environmentally conscious consumers.
4. Industry Growth: The gradual growth of the textile and apparel sector, driven by rising disposable incomes and increasing demand for branded, quality products, works in the company’s favor.

Investment Opportunity for Bhandari Hosiery Exports Share Price

Bhandari Hosiery Exports presents a lucrative long-term investment opportunity. With steady revenue and profit growth over recent years, the company is well-positioned to capitalize on market opportunities. The projected share price targets from 2024 to 2030 indicate substantial growth potential, making it an attractive choice for investors seeking high returns in the textile and garment industry.

Risks and Challenges for Bhandari Hosiery Exports Share Price

Despite its promising growth trajectory, the company faces certain risks and challenges:

1. Market Volatility: Fluctuating raw material prices and currency exchange rates can impact profitability.
2. Competition: The textile and apparel industry is highly competitive, with both domestic and international players vying for market share.
3. Policy Changes: Alterations in government policies or trade regulations could disrupt operations and affect export performance.

FAQs for Bhandari Hosiery Exports Share Price

1. What is today’s Bhandari Hosiery Exports share price?

   • Today’s share price is ₹7.22.

2. What is the 52-week high and low?

   • The 52-week high is ₹11.32, and the 52-week low is ₹5.46.

3. What is the company’s market capitalization?

   • The market cap is ₹173.08 crore.

4. Have the promoters increased their holding?

   • Yes, the promoters have increased their holding from 27.63% to 31.02% as of September 2024.

5. What is the share price target for 2024?

   • The share price target for 2024 is ₹12.

6. Is Bhandari Hosiery Exports a good long-term investment?

   • Yes, given its consistent financial performance, increasing promoter confidence, and favorable industry trends, it is a strong contender for long-term investment.

Conclusion

Bhandari Hosiery Exports is a quality-driven, innovative, and sustainable player in the textile and apparel industry. The company’s financial strength, rising promoter confidence, and alignment with industry trends make it a promising investment option. With projected share price targets showcasing significant growth potential, Bhandari Hosiery Exports is set to offer substantial returns to investors in the long run.

However, investors should consider inherent risks and conduct thorough due diligence before investing. With its solid fundamentals and robust growth strategies, Bhandari Hosiery Exports is well-positioned to create significant value for shareholders in the coming years.