Deep Diamond India Share Price Target 2023, 2024, 2025, 2030
Hello friends! Today we will discuss the Deep Diamond India Ltd Share Price Target 2023, 2024, 2025 and 2030. In this article, we will try to predict what the future share price target may be for Deep Diamond India Ltd. This article will provide you with a technical and fundamental analysis of Deep Diamond India Ltd shares.
About Deep Diamond India Ltd
Deep Diamond Company manufactures and wholesales exclusive diamond jewellery. It manufactures diamonds and gold jewellery. Deep Diamond India Ltd Company was established in 1993, which shows that the company has been working in this field for a long time.
Maintaining the quality of diamonds and finishing the design is the main objective of the company. The company also gives IGI certification to its customer and the company also guarantees 100% buyback.
If we talk about deep diamond India Ltd company product portfolio, then the company manufactures diamond and gold rings, earrings, pendants, mangalsutras, bangles, bracelets, necklace sets, nosepins.
If we take a look at the financial condition of the company, the company’s sales have increased from Rs 1.40 crore to Rs 6 crore in the last one year and the company’s net profit has increased from Rs 6 lakh to Rs 42 lakh due to good OPM 25%.
Regarding the company’s debt, it is a debt-free entity and possesses a cash reserve of Rs 10 crore. The total asset of the company is Rs 18 crore. Regarding the shareholding pattern of Deep Diamond India, the promoter’s holdings previously stood at 35%, but the promoter has since sold all their holdings and now holds only 0.08%. The company has 99.92% public ownership.
Deep Diamond India Share Price Target 2023
The company’s sales have seen a jump of 500% last year and the company’s net profit has also increased from 6 lakh to 40 lakh. Due to which the stock of this small company has seen a return of 1300% in the year 2022.
Right now there is a news about the company that the company is considering working in the electronic vehicle segment very soon. If this happens, then the company’s stock can see good performance in the short term and long term.
In terms of Deep Diamond India’s 2023 share price target, as the company is small and has a low market capitalization, it is sometimes subject to manipulation by operators in the penny stock market. By the way, due to the way the company’s stock is being promoted on social media, the company’s stock can see a good increase in the short term and the price of the stock of Deep Diamond Company can reach 40 rupees to 45 rupees in the short term.
Deep Diamond Share Price Target 2024
Deep Diamond India manufactures and wholesales exclusive diamond jewellery. Along with this, information has been given on the official website of the company that the company is also planning to work in pharma and its related business in the coming time. This decision has been taken in the board meeting on 31 October 2022.
If the company management succeeds in doing this, then it can see good growth in the sales of the overall company and in the coming time, the company’s stock can see a good boom. The deep diamond share price target can be seen upwards from Rs 57 to Rs 65 in 2024, although the company’s stock is also being operated by the operators, so the price down side of the company’s stock can be seen again from Rs 15 to Rs 20.
Deep Diamond Share Price Target 2025
Maintaining the quality of diamond and gold jewellery and finishing the design is the main task of the company. In this area, the company also provides 100% buyback facility of its product.
Due to the company’s increasing sales and good net profit margins, the EPS of the company’s stock is also rapidly increasing. The price objective of the company’s stock might reach Rs 85 in 2025 if the company management is successful in running its operations well in the near future and the company’s sales see healthy development.
Deep Diamond Share Price Target 2030
If we talk about deep diamond share price target long term, then the company is a debt-free company, but for some time now the promoter of the company has reduced its holding significantly. At present, promoter holding in the company is negligible, which is not good at all for the investor investing in the company for a long time.
At present, we should avoid investing in the stock of such a small company without a promoter for a long time. But if you go to the company’s official website, then the company is planning to work in the field of EV and green energy along with the pharma sector in the coming time.
The company and its shares are expected to perform well in the future if this happens. Therefore, if you are planning to invest in the company’s stock for a long time, then we will have the opinion of you people that you should invest in the company’s stock only in a small amount.
