Sportking India Limited is a textile sector stock with a current market capitalization of INR 2338 Crore. Sportking Share Price Target 2022 will be discussed in this article. This stock has boosted over the last several quarters besides the second wave of Covid-19. Why Sportking India price drop today? Because the stock is now giving lower circuit from the last 3 trading days. Those investing for the long term there is nothing to worry about because the company is fundamentally strong. This is just a short-term fall that may be experienced in every share right after the ex-date of bonus, split, and dividend.
Sportking India Limited had a very good track record for the last 5 years. Those who invested just Rs. 30,000 past 5 years ago are Crorepati now. The company has been well experienced in the textile sector for over 4 decades. It clearly indicates that the company has experienced a lot of fall and rise and even today maintain its standard around the world. Watch the video of the full analysis of Sportking India Limited.
Sportking India Limited’s major business is in the Yarns business with a production capacity of about 200 MT per day. With an annual turnover of over US $210 Million i.e INR 1500 Crore. And its major revenue generates from exports to over 30 countries with revenue of US $100 Million. Because of its global presence, the company can easily sustain itself over the last 4 decades.
What will be Sportking Share Price Target 2022
With technical chart analysis for the past 5 years. Anyone can assume the growth rate of Sportking India Limited. As we have calculated earlier, that if you have invested at least Rs. 30,000/- in the year 2017, you have been crorepati or 10 Millionaire in INR today. And this is only possible because of long-term holdings. Below is the expected target price.
Target Price December 2021 – Rs. 2000 – Rs. 2500.
Target Price March 2022 – Rs. 3500 – Rs. 4500.
Target Price June 2022 – Rs. 5500 – Rs. 6500.
Target Price September 2022 – Rs. 7000 – Rs. 8500.
If the price again hits its all-time high, then the company may again declare a bonus or split.
What will the future stock price of Sportking India Limited after 5 years i.e 2026?
This stock will definitely hit Rs. 16000 + if the same pace is maintaining as of last 5 years.