−4.45INR
−587.22 MINR
10.33 BINR
80.53 M
About SUMEET INDUSTRIES
Sector
Industry
CEO
Sumeet Shankarlal K. Somani
Website
Headquarters
Surat
Employees (FY)
614
Founded
1988
ISIN
INE235C01010
FIGI
BBG000D0JB45
Sumeet Industries Ltd. is a manufacturer and exporter of polyester chips, polyester filament yarn, and polypropylene multifilament yarn. It also produces polyester semi dull intermingled partially oriented yarn. The firm exports pet chips and polyester yarns to Bangladesh, Egypt, Saudi Arabia, China, Argentina, Iran, Poland, Vietnam, Philippines, Israel, Morocco, Columbia, Ethiopia, Mexico, Nepal, U.S., Brazil, and Singapore. The company was founded by Shankarlal Sitaram Somani on August 1, 1988 and is headquartered in Surat, India.
Long Sumeet for quick gainsLong sumeet at current levels
Huge buying
Stock expected to retrace quickly
Sumeet Ind Ready to Take OffSumeet Industries is extremely oversold as per rsi indicator.
I see kite pattern on chart ;-)
Sumeet can go upto the levels of 42 to 45 in short term and breakout above 45 opens up for higher levels which can lead it to 56 to 60 level in medium term.
Sumeet fundamentals are also good and one can c
Resistance break out Levels all mentined on the chart.
This going to be a long term trade
our target 2 times more than our risk.
Sumeet Industries : Quoting Near Support Zone ... {Bullish}To All Members , Sumeet Industries (A Textile Sector Company) Looks Good To Buy For Short Term ... It is Near the Reversal Zone And Made Rounding Bottom Pattern on Weekly Chart {Most Successful Pattern} ... Overall , It Looks Good For Short-Mid Term ...
Approach it for :
sumeet industries- flag setupsumeet industries has formed a beautiful flag pattern .
buy for a breakout above 40 sl 30.5 cmp 32.9
sustained closing above 40 will open a big target .
HIGHLY BULLISH ON SUMEET INDUSTRIESHigher Top Higher Bottom formation started in Sumeet Industries and it has recently came out above the ichimoku cloud so trend is clearly bullish on chart. Medium Term Target is 30
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Frequently Asked Questions
The current price of SUMEETINDS is 2.10 INR — it has decreased by 4.55% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange SUMEET INDUSTRIES stocks are traded under the ticker SUMEETINDS.
SUMEET INDUSTRIES is going to release the next earnings report on May 29, 2024. Keep track of upcoming events with our Earnings Calendar.
SUMEETINDS stock is 9.52% volatile and has beta coefficient of 1.41. Check out the list of the most volatile stocks — is SUMEET INDUSTRIES there?
Yes, you can track SUMEET INDUSTRIES financials in yearly and quarterly reports right on TradingView.
SUMEETINDS stock has fallen by 17.65% compared to the previous week, the month change is a 30.00% fall, over the last year SUMEET INDUSTRIES has showed a 36.36% decrease.
SUMEETINDS net income for the last quarter is −165.38 M INR, while the quarter before that showed −189.71 M INR of net income which accounts for 12.82% change. Track more SUMEET INDUSTRIES financial stats to get the full picture.
Today SUMEET INDUSTRIES has the market capitalization of 218.69 M, it has decreased by 2.18% over the last week.
No, SUMEETINDS doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, SUMEETINDS shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SUMEET INDUSTRIES stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 18, 2024, the company has 614.00 employees. See our rating of the largest employees — is SUMEET INDUSTRIES on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SUMEET INDUSTRIES technincal analysis shows the strong sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SUMEET INDUSTRIES stock shows the strong sell signal. See more of SUMEET INDUSTRIES technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. SUMEET INDUSTRIES EBITDA is −328.58 M INR, and current EBITDA margin is −3.81%. See more stats in SUMEET INDUSTRIES financial statements.