For Sintex Industries Limited stock forecast for 2023, 12 predictions are offered for each month of 2023 with average Sintex Industries Limited stock forecast of 7.77, a high forecast of 8.05, and a low forecast of 7.44. The average Sintex Industries Limited stock forecast 2023 represents a -0.43% decrease from the last price of 7.80000019073486.
Sintex Industries Ltd. (502742) Stock Price Prediction, Stock Forecast for next months and years
| Date | Opening price | Closing price |
|---|---|---|
| November 2023 | Open: 13.132 | Close: 12.860 |
| December 2023 | Open: 12.708 | Close: 12.468 |
| Sintex Industries Ltd. Stock Price Forecast for 2024 | ||
| January 2024 | Open: 12.830 | Close: 11.875 |
What is the forecast for Sintex Industries Limited stock in 2022?
From AI system, total return is 3217.47% from 3074 forecasts. For Sintex Industries Limited stock forecast for 2022, 9 predictions are offered for each month of 2022 with average Sintex Industries Limited stock forecast of 9.14, a high forecast of 9.23, and a low forecast of 8.94.
What is the analyst consensus target price for Sintex plastics technology shares?
The analyst consensus target price for shares in Sintex Plastics Technology is IN₹30.00 . That is 203.03% above the last closing price of IN₹9.90. Analysts covering Sintex Plastics Technology currently have a consensus Earnings Per Share (EPS) forecast of IN₹5.73 for the next financial year.
What is the'Sintex'stock price prediction for 2027-03-08?
Sintex Industries Ltd. quote is equal to 8.210 INR at 2022-03-16. Based on our forecasts, a long-term increase is expected, the "SINTEX" stock price prognosis for 2027-03-08 is 20.980 INR.
Is Sintex plastics technology in a bullish cycle?
According to present data Sintex Plastics Technology's Sintex Plastics Technology Ltd shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Currently there seems to be a trend where stocks in the Other Mining, Quarrying, and Oil and Gas Extraction sector (s) have been popular in this period.
What is the future of Sintex plastic share?
As on 20th Sep 2022 SPTL SHARE Price closed @ 3.55 and we RECOMMEND Sell for LONG-TERM with Stoploss of 3.93 & Strong Sell for SHORT-TERM with Stoploss of 5.66 we also expect STOCK to react on Following IMPORTANT LEVELS.
Is sintex good STOCK to buy?
Is Sintex Industries Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Sintex Industries Ltd is a below average quality company.
Why did sintex share price fall?
because of deterioration of their financial position. Sintex BAPL reported a loss of Rs 79 lakh in FY19 against profit of Rs 21.21 crore in the previous fiscal because of higher finance costs. Sintex Prefab & Infra reported a profit of Rs 6.28 crore in FY19 against Rs 52.2 crore in FY18.
Who is buying Sintex Plastics?
WelspunWelspun is offering Rs 1,127 crore to acquire Sintex BAPL, a manufacturer of plastic components for the automotive industry.
Will sintex share become zero?
“Sintex Industries vide its announcement dated March 20, 2022, informed the Exchange regarding approval of the resolution plan by the Committee of Creditors' members… which proposes that existing share capital of the Company shall be reduced to zero and the Company will be delisted from the stock exchanges,” said BSE ...
Will sintex share list again?
The stock exchanges BSE and NSE have suspended trading in Sintex Industries as no buying or selling will be allowed in the stock from Tuesday, March 22, 2022. The announcement comes as Reliance Industries-ACRE won bid to acquire Sintex Industries and proposed to delist Sintex shares.
Is Reliance buying Sintex Industries?
Reliance Industries-ACRE wins bid to acquire Sintex Industries, proposes to delist shares. Sintex Industries' lenders have approved the joint bid of Reliance Industries (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles firm under the insolvency resolution process.
Is Sintex Industries a multibagger?
In 2017 Diwali, Sintex Plastics Technology Ltd (SPTL) stock was recommended by many experts in their 'Muhurat Picks'. It was trading above 90 that time. One year target in SPTL was given in the range of 120-180 by different analysts.
Can Sintex Industries recover?
Sintex industries: No chance of recovery, Sintex lenders in talks with three players to sell firm - The Economic Times.
Is Sintex Plastics debt free?
What Is Sintex Plastics Technology's Net Debt? As you can see below, Sintex Plastics Technology had ₹31.0b of debt, at March 2021, which is about the same as the year before. You can click the chart for greater detail. However, because it has a cash reserve of ₹5.93b, its net debt is less, at about ₹25.1b.
What is the status of Sintex Industries share?
share price was Rs 7.80 as on 21 Mar, 2022, 03:59 PM IST. Sintex Inds. share price was down by 4.88% based on previous share price of Rs. 8.2.
What is the latest news of Sintex Industries?
SINTEX INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/08/2022 ,inter alia, to consider and approve the Un-audited Financial Results (Standalone and Consolidated) for the First quarter ended 30th June, 2022.
Is Sintex Industries a multibagger?
In 2017 Diwali, Sintex Plastics Technology Ltd (SPTL) stock was recommended by many experts in their 'Muhurat Picks'. It was trading above 90 that time. One year target in SPTL was given in the range of 120-180 by different analysts.
Is Reliance going to buy Sintex Industries?
Reliance Industries-ACRE wins bid to acquire Sintex Industries, proposes to delist shares. Sintex Industries' lenders have approved the joint bid of Reliance Industries (RIL) and Assets Care & Reconstruction Enterprise (ACRE) to acquire the debt-ridden textiles firm under the insolvency resolution process.
What is the status of Sintex Industries share?
share price was Rs 7.80 as on 21 Mar, 2022, 03:59 PM IST. Sintex Inds. share price was down by 4.88% based on previous share price of Rs. 8.2.
Why Sintex Industries is rising?
The stocks of Sintex Industries have been rising ever since Reliance Industries emerged as one of the bidders who showed interest to acquire the bankrupt firm.
Is Sintex Plastics a momentum trap?
Based on an overall assessment of its quality, value and momentum Sintex Plastics Technology is currently classified as a Momentum Trap. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
Does Sintex Plastics pay dividends?
Sintex Plastics Technology does not currently pay a dividend.
How to calculate PE ratio?
It is calculated by dividing a company's price per share by its earnings per share.
What does PE ratio mean?
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
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FAQs
What is the future prediction for Sintex stock? ›
Sintex Industries Ltd. quote is equal to 7.820 INR at 2023-06-09. Based on our forecasts, a long-term increase is expected, the "SINTEX" stock price prognosis for 2027-03-19 is 19.373 INR.
Will Sintex share become zero? ›The insolvency resolution for Sintex was approved, and the equity is being written off, Zerodha said in a tweet with sharing the screenshot of the nudge saying “Equity shares of Sintex Industries will be delisted, and the equity will be reduced to zero as part of the insolvency resolution process.
What will happen to my Sintex shares? ›Sintex will get delisted. If you continue to own the stock, your capital might be reduced to zero. You can sell your shares of Sintex Industries before the delisting date approaches. If you do that, you would have already liquidated your holdings before Sintex Industries delisting.
Is Sintex share good to buy? ›Past 10 year's financial track record analysis by Moneyworks4me indicates that Sintex Industries Ltd is a below average quality company. 2. Is undervalued or overvalued? The key valuation ratios of Sintex Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
Is Sintex Industries a multibagger? ›As it turned into a multibagger stock, Sintex Industries became a household name in the investing community.
Who is buying Sintex shares? ›Mukesh Ambani-promoted Reliance Industries, India's biggest company by market value, has completed its Rs 3,567-crore acquisition of textile company Sintex Industries exactly a year after banks had approved the acquisition and a month after the National Company Law Tribunal (NCLT) approved the transaction.
What is the fate of Sintex Industries shareholders? ›Existing Sintex Industries shareholders, especially the retail shareholders, may suffer losses as a consequence of the company's share price dropping due to a bankruptcy filing. Also, those shareholders who retain the shares after delisting may face losses due to the inability to sell them on stock exchanges.
When we can sell Sintex share? ›Delisting of equity shares of SINTEX
As per recent circulars of BSE & NSE, the following security will be delisted w.e.f. March 10, 2023.
MUMBAI: Mukesh Ambani-owned Reliance Industries (RIL), has completed the acquisition of nine-decade-old Sintex Industries Ltd. by infusing ₹1,500 crore in the Ahmedabad-based yarn and fabric manufacturer, which is more widely known in the country for manufacturing black plastic water tanks.
How do I sell delisted shares? ›Delisted shares cannot be traded on the stock exchange, to sell these shares one needs to trade them in the over-the-counter market.
What is the record date for demerger of Sintex Industries? ›
Post the demerger scenario, two companies Sintex Industries and Sintex Plastics Technology were to carry the textile and spinning business and plastics business, respectively. The record date for the scheme of demerger was May 26. 1. 2.
Why Sintex is suspended for trading? ›The entire share capital of Sintex Industries Limited will be written off as part of the Insolvency resolution process. You will not be able to sell your holdings in the stock once it is delisted.
Why did Sintex share price fall? ›Here's why... The Sintex Group, known for its namesake water tanks, spun off its flagship textiles and plastic businesses to derive value for shareholders. Two years later, investors have lost nearly all their wealth. Higher costs, rising debt and sluggish demand have depleted cash.
Can a stock price become zero? ›What Happens If a Stock Price Goes to Zero? If a stock's price falls all the way to zero, shareholders end up with worthless holdings. Once a stock falls below a certain threshold, stock exchanges will delist those shares.
Is Sintex Industries debt free? ›What Is Sintex Industries's Net Debt? As you can see below, Sintex Industries had ₹67.4b of debt, at September 2022, which is about the same as the year before. You can click the chart for greater detail. On the flip side, it has ₹2.10b in cash leading to net debt of about ₹65.3b.
Who is the competitor of Sintex? ›Sintex Plastics Technology's competitors and similar companies include Nilkamal, DaikyoNishikawa, OGM and Tam Hangers.
What companies are like Sintex? ›- Sintex Plastics Technology Ltd. NEEEDU.
- Arrow Greentech Ltd. ARROCO.
- Avro India Ltd. AVOMOL.
- AVSL Industries Ltd. AVSLIN.
- Axel Polymers Ltd. AXEPOL.
- Biopac India Corporation Ltd. BIOIND.
- Brand Concepts Ltd. BRANCO.
- Bright Brothers Ltd. BRIBRO.
10x in 10 years is 26% annualized. If you have 1 stock out of 10 that did this, it would be responsible for about 1/4th the total return you got in the last 10 years.
What happened with Sintex Industries? ›Sintex Industries Ltd.
Data from the Insolvency and Bankruptcy Board of India (IBBI) showed that out of the total admitted claims of Rs 1.42 lakh crore, creditors realised rs 51,425 crore in FY23, compared to Rs 49,208 crore realised from admitted claims of Rs 2.14 lakh crore a year ago.
After the consummation of the demerger the existing investors of Sintex Industries will be issued shares of the plastic business in the ratio of 1:1, which effectively means for every 100 shares held in the original company, investors will be entitled to another 100 shares of the plastic business.
Will Sintex plastic recover? ›
Sintex industries: No chance of recovery, Sintex lenders in talks with three players to sell firm - The Economic Times.
Which companies are bidding for Sintex? ›NCLT has approved the joint bid by Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) to acquire Sintex Industries.
Why Sintex share price is falling? ›Sintex Industries lost its wealth in the past few years due to rising costs and higher debt combined with sluggish demand that depleted its cash reserves.
Is Sintex plastics debt free? ›Financial Health
Sintex Plastics Technology has a total shareholder equity of ₹251.7M and total debt of ₹24.9B, which brings its debt-to-equity ratio to 9907%. Its total assets and total liabilities are ₹38.1B and ₹37.8B respectively.
After the consummation of the demerger the existing investors of Sintex Industries will be issued shares of the plastic business in the ratio of 1:1, which effectively means for every 100 shares held in the original company, investors will be entitled to another 100 shares of the plastic business.
What went wrong with Sintex Industries? ›Here's why... The Sintex Group, known for its namesake water tanks, spun off its flagship textiles and plastic businesses to derive value for shareholders. Two years later, investors have lost nearly all their wealth. Higher costs, rising debt and sluggish demand have depleted cash.
Is Reliance planning to buy Sintex? ›MUMBAI: Mukesh Ambani-owned Reliance Industries (RIL), has completed the acquisition of nine-decade-old Sintex Industries Ltd. by infusing ₹1,500 crore in the Ahmedabad-based yarn and fabric manufacturer, which is more widely known in the country for manufacturing black plastic water tanks.
Who bought Sintex plastic? ›Welspun Group, a leading conglomerate with interest in textile, steel, line pipes and flooring solutions, has acquired water tanks and other plastic product maker Sintex-BAPL for ₹1,251 crore.
What is the share price of Sintex in Zerodha? ›SPTL share price: ₹ 1.80 - Sintex Plastics Technology Ltd Stock Updates.