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Bihar Sponge Iron Share Price Target 2024, 2025, 2026 to 2039 With Charts
Bihar Sponge Iron Limited | |||
 | Symbol: BIHSPONG | ||
| Price: ₹15.28 | |||
| Exchange: BSE | |||
| -> | |||
Show Table of Contents
Table of Contents
- 0.1: Bihar Sponge Iron Financial Performance
- 0.1.1: Is Bihar Sponge Iron A Good Buy For Long Term?
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Bihar Sponge Iron Share Price Target For 2024
- 1.1.1: Bihar Sponge Iron Share Price Target Table For 2024
- 1.1.2: Summary: Bihar Sponge Iron Share Price Prediction For 2024
- 1.2: Bihar Sponge Iron Share Price Target For 2025
- 1.2.1: Bihar Sponge Iron Share Price Target Table For 2025
- 1.2.2: Summary: Bihar Sponge Iron Share Price Prediction For 2025
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Bihar Sponge Iron Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 2.2: Bihar Sponge Iron Share Price Target Table From 2024, 2025, 2026 to 2039
- 3: Bihar Sponge Iron Past Performance
Bihar Sponge Iron Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 141.8 Crore | Market valuation of Bihar Sponge Iron's shares. |
| Revenue (TTM) | 266.65 Crore | Total revenue generated by Bihar Sponge Iron over the past twelve months. |
| Net Income (TTM) | +7.44 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 2.79% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 6.93% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +40.07% | Change in revenue compared to the previous quarter. |
| Debt-to-Equity (D/E) Ratio | -2.14 | Company's total debt divided by total shareholder equity. |
| Total Debt | 118.88 Crore | Sum of Bihar Sponge Iron's current & long-term financial obligations. |
Is Bihar Sponge Iron A Good Buy For Long Term?
Bihar Sponge Iron, a small-cap stock with a market capitalization of ₹134.94 crore, shows mixed signals. While its impressive 5-year return of 2166.66% and strong revenue of ₹266.65 crore (TTM) are positive, a significant debt of ₹118.88 crore (Q1 2024-25) raises concerns. The 6.93% profit margin is moderate. Recent performance is volatile: -18.74% in the past 3 months but 41.13% YTD. Considering the high debt and fluctuating returns, Bihar Sponge Iron is an average buy for long-term investors, requiring careful monitoring of debt reduction and consistent profitability.
To predict the Bihar Sponge Iron's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Bihar Sponge Iron Share Price Target For 2024
The line chart displays the monthly closing prices of Bihar Sponge Iron with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Bihar Sponge Iron shares in 2024, see the table below.
Bihar Sponge Iron Share Price Target Table For 2024
| Bihar Sponge Iron's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 15.17 (-0.72%) | Fibonacci Extension Level 171.8% |
| 2024 Target 2 | 15.01 (-1.77%) | Price Action: 12 Nov 2024 Low |
| 2024 Target 1 | 14.80 (-3.15%) | Price Action: Nov 2004 High |
| Current Price | 15.28 | Bihar Sponge Iron's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 14.60 (-4.46%) | Price Action: Apr 2024 High |
| Stop Loss 2 | 14.41 (-5.7%) | Fibonacci Retracement Level 38.2% |
| Stop Loss 3 | 14.25 (-6.75%) | Price Action: Sep 2007 Low |
Summary: Bihar Sponge Iron Share Price Prediction For 2024
In summary, Bihar Sponge Iron has surged by ₹4.07, achieving a notable +38.40% increase from 1st January 2024 to 22 Nov 2024. Our analysis of Bihar Sponge Iron for 2024 predicts an additional rise of -3.15% to -0.72% by the end of 2024 with three potential targets T1: 14.80, T2: 15.01, T3: 15.17. Stop Loss at SL1: 14.60, SL2: 14.41, SL3: 14.25.
Bihar Sponge Iron has a 52-week high of ₹26.77, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹9.50, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for Bihar Sponge Iron.
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Bihar Sponge Iron Share Price Target For 2025
The line chart displays the monthly closing prices of Bihar Sponge Iron with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Bihar Sponge Iron shares in 2025, see the table below.
Bihar Sponge Iron Share Price Target Table For 2025
| Bihar Sponge Iron's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 25.59 (+67.47%) | Price Action: Chart |
| 2025 Target 2 | 25.11 (+64.33%) | Price Action: Chart |
| 2025 Target 1 | 24.86 (+62.69%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 15.28 | Bihar Sponge Iron's 1 share price as of Fri 22 Nov 2024 |
| Stop Loss 1 | 12.19 (-20.23%) | Price Action: Chart |
| Stop Loss 2 | 12.07 (-21.01%) | Price Action: Chart |
| Stop Loss 3 | 11.85 (-22.45%) | Price Action: Chart |
Summary: Bihar Sponge Iron Share Price Prediction For 2025
In summary, Bihar Sponge Iron has surged by ₹4.07, achieving a notable +38.40% increase from 1st January 2024 to 22 Nov 2024. Our analysis of Bihar Sponge Iron for 2025 predicts an additional rise of 62.69% to 67.47% by the end of 2025 with three potential targets T1: 24.86, T2: 25.11, T3: 25.59. Stop Loss at SL1: 12.19, SL2: 12.07, SL3: 11.85.
Bihar Sponge Iron has a All-Time high of ₹61.00, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹9.50, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for Bihar Sponge Iron, we have created a specific page for that check here: Bihar Sponge Iron Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Bihar Sponge Iron Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Bihar Sponge Iron share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 9.9% over the next 15 years.
For complete year by year Bihar Sponge Iron long term share price target from 2024, 2025 to 2039 check the below table.
Bihar Sponge Iron Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Bihar Sponge Iron Target | YoY Change % |
|---|---|---|
| 2024 | ₹15.28 | [Current Price] |
| 2024 | ₹19.23 | 25.91% |
| 2025 | ₹22.02 | 14.44% |
| 2026 | ₹29.21 | 32.65% |
| 2027 | ₹31.79 | 8.83% |
| 2028 | ₹36.56 | 15% |
| 2029 | ₹38.47 | 5.25% |
| 2030 | ₹40.36 | 4.88% |
| 2031 | ₹50.07 | 24.05% |
| 2032 | ₹51.66 | 3.17% |
| 2033 | ₹56.87 | 10.08% |
| 2034 | ₹57.72 | 1.49% |
| 2035 | ₹58.71 | 1.71% |
| 2036 | ₹70.93 | 20.81% |
| 2037 | ₹71.52 | 0.83% |
| 2038 | ₹77.19 | 7.92% |
| 2039 | ₹72.09 | -6.6% |
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Bihar Sponge Iron Past Performance
- In 2004, Bihar Sponge Iron opening price was ₹2.54
- As of Fri 22 Nov 2024 the price stands at ₹15.28.
- This represents a Compound Annual Growth Rate (CAGR) of 8.9%.
- In 20 years, an investment of 10,000 would have become ₹59,921.56.
As we wrap up, we hope you like our study on Bihar Sponge Iron share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
