COROENGG (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Coromandel Engineering Company Limited |
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Price: ₹51.85 | ||
| 52 Week Low: ₹40.50 52 Week High: ₹69.95 |
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| Market Capital: 229.01 Crore (Smallcap) | |||
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Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: COROENGG Share Price Target For 2024
- 1.1.1: COROENGG Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: COROENGG Share Price Target For 2025
- 1.2.1: COROENGG Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: COROENGG Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: COROENGG Financial Performance
- 3.0.1: Is COROENGG A Good Buy For Long Term?
To predict the COROENGG'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
COROENGG Share Price Target For 2024
The line chart displays the monthly closing prices of COROENGG 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 COROENGG shares in 2024, see the table below.
COROENGG Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 54.75 (+5.59%) | Price Action: 05 Jan 2024 Low |
| 2024 Target 2 | 54.15 (+4.43%) | Price Action: Sep 2015 Low |
| 2024 Target 1 | 53.5 (+3.18%) | Price Action: Nov 2017 Low |
| Current Price | 51.85 | COROENGG's share price as of 24 Dec 2024 |
| Stop Loss 1 | 50.96 (-1.72%) | Price Action: Apr 2010 High |
| Stop Loss 2 | 50.4 (-2.8%) | Price Action: Jun 2016 Low |
| Stop Loss 3 | 49.85 (-3.86%) | Price Action: Apr 2014 High |
Short-Term Technical Outlook
Current Technical Position: COROENGG is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹58.35 serves as the nearest technical reference point.
Historical Returns: 3-month: -15.55% | 6-month: -5.42% | 1-year: +8.72%
COROENGG Share Price Target For 2025
The line chart displays the monthly closing prices of COROENGG 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 COROENGG shares in 2025, see the table below.
COROENGG Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 77.48 (+49.43%) | Price Action: Chart |
| 2025 Target 2 | 76.04 (+46.65%) | Price Action: Chart |
| 2025 Target 1 | 75.29 (+45.2%) | Fibonacci Extension Level 64.90% |
| Current Price | 51.85 | COROENGG's share price as of 24 Dec 2024 |
| Stop Loss 1 | 46.46 (-10.4%) | Price Action: 02 Jun 2023 High |
| Stop Loss 2 | 45.77 (-11.73%) | Price Action: Feb 2011 High |
| Stop Loss 3 | 45.3 (-12.64%) | Price Action: 07 Jun 2023 Low |
Long-Term Technical Outlook
52-Week Range Analysis: COROENGG is currently trading at 38.5% of its 52-week range (₹40.5 - ₹69.95).
Long-Term Trend Analysis: The stock is in a bearish long-term trend, trading below key long-term moving averages.
Long-Term Performance: 1-year: +8.72% | 3-year: +40.14% | 5-year: +205%
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Approach 2: Machine Learning By Studying Historical Prices
COROENGG Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹51.85 | ||
| 2024 | ₹61.36 | +18.34% | ₹62.28 |
| 2025 | ₹70.34 | +14.63% | ₹71.40 |
| 2026 | ₹76.79 | +9.16% | ₹77.94 |
| 2027 | ₹85.36 | +11.16% | ₹86.64 |
| 2028 | ₹88.55 | +3.73% | ₹91.26 |
| 2029 | ₹93.86 | +5.99% | ₹95.59 |
| 2030 | ₹104.01 | +10.81% | ₹105.57 |
| 2031 | ₹110.34 | +6.08% | ₹112.00 |
| 2032 | ₹119.67 | +8.45% | ₹121.47 |
| 2033 | ₹121.48 | +1.51% | ₹126.29 |
| 2034 | ₹126.35 | +4% | ₹135.04 |
| 2035 | ₹137.69 | +8.97% | ₹139.76 |
| 2036 | ₹143.90 | +4.51% | ₹146.06 |
| 2037 | ₹153.97 | +6.99% | ₹156.28 |
| 2038 | ₹154.42 | +0.29% | ₹161.31 |
| 2039 | ₹158.88 | +2.88% | ₹170.07 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
COROENGG Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 229.01 Crore | Market valuation of COROENGG's shares. |
| Revenue (TTM) | 96.63 Crore | Total revenue generated by COROENGG over the past twelve months. |
| Net Income (TTM) | -4.39 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | -0.63% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +21.43% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
-68.41% | Change in revenue compared to the previous quarter. |
| Debt-to-Equity (D/E) Ratio |
4.8 | Company's total debt divided by total shareholder equity. |
| Total Debt | 16.67 Crore | Sum of COROENGG's current & long-term financial obligations. |
Is COROENGG A Good Buy For Long Term?
COROENGG, a small-cap stock with a market capitalization of ₹229.01 crore, presents a mixed picture. While its 3-year and 5-year returns are impressive (155.74% and 133.82% respectively), a significant revenue drop of -68.41% in Q1 2024-25 and a net loss of ₹4.39 crore (TTM) raise concerns. The company also carries debt of ₹16.67 crore (Q1 2024-25). Despite positive YTD returns (37.28%), the recent negative quarterly performance and existing debt make it a risky long-term investment. Further analysis is needed before considering a purchase. It's currently not a good buy.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
