Deep Diamond India Ltd specializes in gold and diamond-studded jewelry. The deep diamond share price is currently approximately ₹10.5, with a market capitalization of ₹33.5 crore. The stock has shown volatility, hitting a 52-week high of ₹11.7 and a low of ₹5.17. Despite generating profits, the company does not pay dividends and has a low promoter holding of 0.08%. Analysts have set various deep diamond share price targets, ranging from ₹15 to ₹25 by 2030, indicating potential growth amidst challenges such as low return on equity (2.39%) and high debtor days (208 days).
For anyone interested in the deep diamond share price, understanding its trends and forecasts is crucial for making informed investment decisions.
Current Overview of Deep Diamond Share Price
Key Financial Metrics
| Metric | Value |
|---|---|
| Current Share Price | ₹10.5 |
| Market Cap | ₹33.5 crore |
| 52-Week High/Low | ₹11.7 / ₹5.17 |
| P/E Ratio | 95.8 |
Historical Performance of Deep Diamond Share Price
The deep diamond share price history shows fluctuating performance over the years. As of September 2024, the company reported a 42.99% drop in net sales year-over-year. Despite these challenges, the company’s compounded profit growth over the last three years has been impressive at 132%.
Short-Term and Long-Term Price Targets for Deep Diamond Share Price
Short-Term Price Targets for Deep Diamond Share Price (2023-2025)
- 2023 Target: Analysts predict modest growth, setting targets around ₹12.
- 2025 Target: Expectations indicate a potential increase to between ₹15 to ₹20.
- 2026 Target: Continued growth is anticipated, with targets around ₹18 to ₹22.
Long-Term Price Targets for Deep Diamond Share Price (2026-2030)
- 2027 Target: Forecasts suggest a range of approximately ₹20 to ₹25.
- 2028 Target: Potentially reaching up to ₹30.
- 2029 Target: Analysts predict around ₹35.
- 2030 Target: Optimistic projections suggest prices could hit between ₹40 to ₹50.
Summary of Deep Diamond Share Price Targets
| Year | Price Target |
|---|---|
| 2023 | ₹12 |
| 2025 | ₹15 – ₹20 |
| 2026 | ₹18 – ₹22 |
| 2027 | ₹20 – ₹25 |
| 2028 | Up to ₹30 |
| 2029 | Around ₹35 |
| 2030 | ₹40 – ₹50 |
Investment Considerations for Deep Diamond Share Price
When contemplating an investment in Deep Diamond India Ltd, it’s essential to evaluate the following factors regarding the deep diamond share price:
Pros
- Reduced Debt: The company has almost reached a debt-free status, which is favorable for investors.
- Consistent Profitability: Despite not paying dividends, the company remains profitable.
Cons
- Low Promoter Holding: The promoter holding is only 0.08%, with declining interest over the years (-43.2%).
- High Debtor Days: With 208 days for debtor days, this may indicate potential cash flow issues.
Deep Diamond Share Price Prediction
Looking at the current deep diamond share price, analysts project significant potential for growth by 2030. However, investors should approach with caution due to the company’s low return on equity (2.39%) and the challenges posed by high debtor days.
Future Prospects and Growth Potential of Deep Diamond Share Price
The deep diamond share price is closely linked to the performance of the jewelry market and consumer sentiment. The company’s ability to adapt to market trends and manage its financial metrics will be critical for reaching its ambitious deep diamond share price targets for 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion on Deep Diamond Share Price
Investing in Deep Diamond India Ltd offers both opportunities and risks. While the potential for future growth exists—especially if the company navigates market conditions favorably—investors should remain cautious given the current financial metrics and market volatility. For those interested in the deep diamond share price, this stock warrants close monitoring.
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