Axita cotton share price in future: Introduction

Speculators have recently taken notice of Axita Cotton, a well-known figure in the textile sector. Looking more closely at the share price and future predictions is worth it because of the company’s intriguing business model and management efforts.The cotton seeds and bales are produced and exported by the Indian firm Axita Cotton Ltd. It makes Shankar-6 cotton bales and MCU-5/MECH cotton bales. Nitin and Kushal Patel started it in 2013. Its market valuation was 807 crore INR as of January 16, 2024, with a share price of 31.40 INR.Visit the company’s website or look into other resources for further details.

Source: Axita Cotton Ltd: https://axitacotton.com/.

Axita cotton share price in future: Historical data

Axita cotton share price in future-The share price of Axita Cotton Ltd (AXIA) has, during the last year, varied between 22.50 INR and 35.39 INR, according to the historical data. On January 9, 2024, it peaked, and on December 20, 2023, it hit rock bottom. The overall change in the past year was 32.83%. The table below displays the detailed historical prices.



Axita cotton share price in future: Volume data

Axita cotton share price in future- The demand of Axita Cotton Ltd (AXITA) share in the market may be assessed by looking at the volume and delivery percentage of the stock. Volume is the amount of shares traded in a specific period of time, and delivery percentage is the ratio of shares that are not squared off on the same day to the total traded quantity. A high volume and a high delivery percentage imply a strong demand for the stock, as more people are buying and keeping the shares. Conversely, a low volume and a low delivery % imply a weak demand for the stock, as fewer investors are interested in the shares or are selling them quickly.

According to the historical statistics the volume and delivery percentage of AXITA in the past year are presented in the table below.

As you can see, the volume and delivery % of AXITA have been decreasing in the past year, which shows that the demand for the stock has been declining. This may be due to many variables, such as market conditions, corporate performance, investor sentiment, or competition. You can get more information regarding the demand and supply of AXITA. Please note that this is not a recommendation for what you should individually do, so please don’t use the statistics as investing advice. As with any trade, always look first, then plunge.

Current Market Position

As of January 2024, Axita Cotton’s share price is at roughly 31.72 INR². The company has showed a constant performance in the stock market, with little volatility noticed in the recent past.

Future Predictions

While investing in the stock market always comes with its share of hazards, some market analysts have made forecasts about Axita Cotton’s future performance. Some estimates suggest a downturn with a likely share price objective of 26 INR or 24.55 INR. However, some foresee an upswing with short-term targets reaching up to 39.50 INR.

Long-Term Investment

For long-term investors, the outlook seems more hopeful. The company’s share price target in 2025 is projected to be in the range of 110 to 125 INR. This forecast is based on the company’s potential for growth and the projected volatility in the market.

Axita cotton revenue

Axita cotton share price in future: As of date revenue for the fiscal year 2022-2023 was predicted at ₹5.5 billion. In the second quarter of 2023-2024, the company’s revenue grew 325.68% over the same period last year to ₹391.41 crore. Please note that these values are subject to revisions based on the company’s financial reporting. It’s always a good idea to examine the latest news or the company’s official statements for the most accurate information.Here’s how it compares to some of its competitors:

1. Vardhman Text: ₹9,840.79 million
2. TCNS Clothing Co.: ₹1,201.59 million
3. Cantabil Retail: ₹551.72 million
4. GHCL Textiles: Data not available
5. Iris Clothings: ₹113 million
6. DNL: ₹864.41 million
7. Shri Techtex: ₹56.92 million
8. Karnika Industries: ₹124.59 million
9. Standard Industries: ₹15.92 million
10. Swaraj Suitings: ₹219.29 million

Please note that these data are for the respective fiscal years of the companies and the comparison might not be apples-to-apples due to various fiscal year endings. Also, the revenue figures are subject to adjustments based on the firms’ financial reporting.

Top 10 competitors

Here are the top 10 competitors of Axita Cotton in the textile industry:

1. Aananda Lakshmi Spinning Mills Ltd.
2. Advance Lifestyles Ltd.
3. Akshar Spintex Ltd.
4. Alka India Ltd.
5. Amarjothi Spinning Mills Ltd.
6. Ambika Cotton Mills Ltd.
7. Angel Fibers Ltd.
8. Artedz Fabs Ltd.
9. Asahi Industries Ltd.
10. Ashima Ltd.

These companies, like Axita Cotton, are also involved in the production and distribution of cotton and other textile products. Please note that the “top” competitors can vary based on different factors such as market share, revenue, customer base, geographical presence, and product portfolio. It’s always a good idea to conduct a thorough market analysis for the most accurate information.

Axita cotton share price in future: Trading on Axita cotton

Axita cotton share price in future-There are various indicator for any stock, as different traders may prefer different tools and tactics. However, some of the typical technical indicators that can be used to evaluate Axita Cotton Ltd (AXITA) are:

– Moving Averages: These are trend-following indicators that display the average price of a stock over a given period of time. They can help determine the direction and strength of the trend, as well as potential support and resistance levels. There are numerous forms of moving averages, such as basic, exponential, weighted, and hull. Some traders employ numerous moving averages to generate crossover indications or confirm the trend.

– Oscillators: These are momentum indicators that show the speed and direction of price fluctuations. They can help identify overbought and oversold levels, as well as prospective trend reversals or continuations. Some of the common oscillators are relative strength index (RSI), stochastic, commodity channel index (CCI), average directional index (ADX), amazing oscillator, and MACD.

– Pivots: These are price levels that are calculated based on the previous high, low, and close of a stock. They can help evaluate the overall market attitude, as well as probable entry and exit locations. There are numerous sorts of pivots, such as traditional, Fibonacci, camarilla, woodie, and demark.

You may discover additional information about these indicators and how to use them other website or on other sources. Please note that this is not a recommendation for what you should individually do, so please don’t consider the statistics as investing advice. As with any trade, always look first, then plunge.

Current challenge faced by textile industry

The textile business has several issues, including:

1. High Volume of Waste Material; Exposure to Chemical Hazards: More than 5% of the total volume of landfills worldwide are textile wastes. The textile manufacturing business is the second-largest pollution-generator after the oil industry. The industry uses a wide range of ionic chemicals, acids, industrial enzymes, and alkaline solutions, many of which can cause major health dangers.

2. Paucity of Quality Raw Materials; Rising Costs, Supply Bottlenecks: Unpredictable market conditions, weather, and legislation have resulted in an increase in raw material costs. There’s also a deficit in the availability of raw materials.

3. Environmental Problems: Environmental compliance generally isn’t at the top of textile and garment importers’ concerns.

4. Infrastructure Bottlenecks: The low quality of India’s infrastructure continues to fall behind that of many other Asian countries.

5. Impact of GST: The tax structure GST (Goods and Service Tax) makes the clothing costly.

6. Labour-Related Problems: Rising interest rates and labor wages and workers’ pay are also an issue.

7. Outdated Technology: The employment of outdated technology can lead to inefficiencies and increased expenditures.

8. Poor Working Environment: A poor working environment can contribute to low worker morale and productivity.

9. unlawful marketplaces: The emergence of unlawful marketplaces can undercut prices and lead to loss of revenue.

10. Shortage of Power Supply: Inconsistent power supply might impair production processes.

These issues require strategic planning and imaginative solutions to solve. It’s crucial for the textile industry to adapt to shifting market dynamics and invest in sustainable practices.

Axita cotton share price in future: Conclusion

Investing in Axita Cotton could be a possible prospect for individuals looking at long-term rewards. However, like any investment, it’s necessary to undertake extensive research and consider the market volatility. Stay current with the latest news and trends in the stock market to make informed judgments.

Disclaimer

This blog article is for informational purposes only and should not be used as a replacement for professional financial advice. participating in the stock market entails risk, and investors should examine their financial condition and risk tolerance before participating.