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Bihar Sponge Iron Share Price Target 2024, 2025, 2026 to 2039 With Charts
Bihar Sponge Iron Limited | |||
 | Symbol: BIHSPONG | ||
| Price: ₹24.47 | |||
| 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
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Bihar Sponge Iron Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 216.13 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. |
| Earnings Growth (YOY Quarterly) | +114.85% | Change in earnings compared to the same quarter last year. |
| 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 220.73 Crore, has shown impressive growth in recent years. Its revenue of 266.65 Crore and net profit of 7.44 Crore over the last 12 months demonstrate a positive trend. However, a significant debt of 118.88 Crore, as reported in the Q1-2024-25 Quarterly Report, needs to be considered. While the past returns are exceptional, a comprehensive analysis of the company's future growth prospects, debt management strategy, and industry outlook is crucial before making a long-term investment decision.
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.
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Bihar Sponge Iron Share Price Target Table For 2024
| Bihar Sponge Iron's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 26.83 (+9.64%) | Fibonacci Extension Level 123.6% |
| 2024 Target 2 | 26.15 (+6.86%) | Custom Fibonacci Extension Lvl 23.6% |
| 2024 Target 1 | 25.85 (+5.63%) | Price Action: Jan 2008 Low |
| Current Price | 24.47 | Bihar Sponge Iron's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 23.96 (-2.09%) | Price Action: 05 Sep 2024 High |
| Stop Loss 2 | 23.60 (-3.56%) | Price Action: Apr 2008 Low |
| Stop Loss 3 | 23.28 (-4.87%) | Price Action: 03 Sep 2024 High |
Summary: Bihar Sponge Iron Share Price Prediction For 2024
In summary, Bihar Sponge Iron has surged by ₹13.87, achieving a notable +130.85% increase from 1st January 2024 to 06 Sep 2024. Our analysis of Bihar Sponge Iron for 2024 predicts an additional rise of 5.63% to 9.64% by the end of 2024 with three potential targets T1: 25.85, T2: 26.15, T3: 26.83. Stop Loss at SL1: 23.96, SL2: 23.60, SL3: 23.28.
Bihar Sponge Iron has a 52-week high of ₹26.01, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹8.63, 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.
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Bihar Sponge Iron Share Price Target Table For 2025
| Bihar Sponge Iron's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 36.63 (+49.69%) | Price Action: Chart |
| 2025 Target 2 | 35.95 (+46.91%) | Price Action: Chart |
| 2025 Target 1 | 35.59 (+45.44%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 24.47 | Bihar Sponge Iron's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 21.90 (-10.51%) | Price Action: 22 Aug 2024 Low |
| Stop Loss 2 | 21.68 (-11.41%) | Price Action: Chart |
| Stop Loss 3 | 21.35 (-12.76%) | Price Action: 20 Aug 2024 High |
Summary: Bihar Sponge Iron Share Price Prediction For 2025
In summary, Bihar Sponge Iron has surged by ₹13.87, achieving a notable +130.85% increase from 1st January 2024 to 06 Sep 2024. Our analysis of Bihar Sponge Iron for 2025 predicts an additional rise of 45.44% to 49.69% by the end of 2025 with three potential targets T1: 35.59, T2: 35.95, T3: 36.63. Stop Loss at SL1: 21.90, SL2: 21.68, SL3: 21.35.
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 ₹8.63, 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 17.09% 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 | ₹24.47 | [Current Price] |
| 2024 | ₹26.51 | 8.33% |
| 2025 | ₹40.59 | 53.11% |
| 2026 | ₹61.05 | 50.4% |
| 2027 | ₹73.52 | 20.42% |
| 2028 | ₹90.89 | 23.62% |
| 2029 | ₹100.99 | 11.11% |
| 2030 | ₹113.61 | 12.49% |
| 2031 | ₹141.8 | 24.81% |
| 2032 | ₹150.43 | 6.08% |
| 2033 | ₹169.52 | 12.69% |
| 2034 | ₹175.47 | 3.5% |
| 2035 | ₹186.63 | 6.36% |
| 2036 | ₹222.56 | 19.25% |
| 2037 | ₹227.33 | 2.14% |
| 2038 | ₹248.14 | 9.15% |
| 2039 | ₹241.39 | -2.73% |
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Bihar Sponge Iron Past Performance
- In 2004, Bihar Sponge Iron opening price was ₹2.54
- As of Fri 06 Sep 2024 the price stands at ₹24.47.
- This represents a Compound Annual Growth Rate (CAGR) of 11.37%.
- In 20 years, an investment of 10,000 would have become ₹95,960.78.
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.
