Elecon Engineering (Mid Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Elecon Engineering Company Limited |
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Price: ₹601.75 | ||
| 52 Week Low: ₹395.15 52 Week High: ₹739.10 |
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| Market Capital: 12,499.07 Crore (Midcap) | |||
| Industrials -> Specialty Industrial Machinery | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Elecon Engineering Share Price Target For 2024
- 1.1.1: Elecon Engineering Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Elecon Engineering Share Price Target For 2025
- 1.2.1: Elecon Engineering Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Elecon Engineering Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Elecon Engineering Brief Company Overview
- 4: Elecon Engineering Financial Performance
- 4.0.1: Is Elecon Engineering A Good Buy For Long Term?
To predict the Elecon Engineering'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
Elecon Engineering Share Price Target For 2024
The line chart displays the monthly closing prices of Elecon Engineering 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 Elecon Engineering shares in 2024, see the table below.
Elecon Engineering Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 630.35 (+4.75%) | Price Action: 17 Dec 2024 Low |
| 2024 Target 2 | 624.1 (+3.71%) | Price Action: 05 Dec 2024 Low |
| 2024 Target 1 | 617.58 (+2.63%) | Technical Indicator: MA150 |
| Current Price | 601.75 | Elecon Engineering's share price as of 20 Dec 2024 |
| Stop Loss 1 | 594.75 (-1.17%) | Price Action: 27 Nov 2024 High |
| Stop Loss 2 | 588.2 (-2.26%) | Price Action: 03 Dec 2024 Low |
| Stop Loss 3 | 581.95 (-3.30%) | Price Action: 19 Nov 2024 High |
Short-Term Technical Outlook
Current Technical Position: Elecon Engineering is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹607.63 serves as the nearest technical reference point.
Historical Returns: 3-month: -13.96% | 6-month: -8.75% | 1-year: +30.15%
Elecon Engineering Share Price Target For 2025
The line chart displays the monthly closing prices of Elecon Engineering 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 Elecon Engineering shares in 2025, see the table below.
Elecon Engineering Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 843.58 (+40.18%) | Price Action: Chart |
| 2025 Target 2 | 827.85 (+37.57%) | Price Action: Chart |
| 2025 Target 1 | 819.65 (+36.21%) | Fibonacci Extension Level 123.60% |
| Current Price | 601.75 | Elecon Engineering's share price as of 20 Dec 2024 |
| Stop Loss 1 | 549.04 (-8.76%) | Price Action: 22 Nov 2024 Low |
| Stop Loss 2 | 538.75 (-10.47%) | Price Action: 29 Oct 2024 Low |
| Stop Loss 3 | 530.75 (-11.80%) | Price Action: 28 Oct 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: Elecon Engineering is currently trading at 60.1% of its 52-week range (₹395.15 - ₹739.1).
Long-Term Trend Analysis: The stock shows mixed long-term signals, trading near key moving averages.
Long-Term Performance: 1-year: +30.15% | 3-year: +560.39% | 5-year: +3,226.42%
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Approach 2: Machine Learning By Studying Historical Prices
Elecon Engineering Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹601.75 | ||
| 2024 | ₹696.05 | +15.67% | ₹706.49 |
| 2025 | ₹419.44 | -39.74% | ₹628.35 |
| 2026 | ₹493.84 | +17.74% | ₹580.71 |
| 2027 | ₹404.87 | -18.02% | ₹484.37 |
| 2028 | ₹552.32 | +36.42% | ₹608.85 |
| 2029 | ₹1,008.29 | +82.56% | ₹1,023.41 |
| 2030 | ₹933.34 | -7.43% | ₹981.06 |
| 2031 | ₹810.80 | -13.13% | ₹998.32 |
| 2032 | ₹995.68 | +22.80% | ₹1,010.62 |
| 2033 | ₹992.97 | -0.27% | ₹1,007.86 |
| 2034 | ₹1,079.82 | +8.75% | ₹1,096.02 |
| 2035 | ₹998.62 | -7.52% | ₹1,013.60 |
| 2036 | ₹866.73 | -13.21% | ₹994.02 |
| 2037 | ₹1,063.43 | +22.69% | ₹1,079.38 |
| 2038 | ₹1,059.63 | -0.36% | ₹1,075.52 |
| 2039 | ₹968.30 | -8.62% | ₹982.82 |
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.
Elecon Engineering Brief Company Overview
Company Overview of Elecon Engineering Company Limited Established in 1951, Elecon Engineering Company Limited is a prominent manufacturer and supplier of power transmission and material handling equipment in India and abroad. Their diverse product range includes...
gearboxes, couplings, material handling equipment, and alternate energy products, catering to a wide spectrum of industries such as cement, sugar, defense, steel, mining, power, and more. Elecon's commitment to providing high-quality products and services has earned them a reputation for excellence in the industry. They offer comprehensive support services, including gearbox repair and refurbishment, and material handling equipment maintenance. With a strong presence in both domestic and international markets, Elecon Engineering Company Limited is a trusted partner for businesses seeking reliable and efficient solutions for their power transmission and material handling needs.Elecon Engineering Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 12,499.07 Crore | Market valuation of Elecon Engineering's shares. |
| Revenue (TTM) | 1,938.68 Crore | Total revenue generated by Elecon Engineering over the past twelve months. |
| Net Income (TTM) | +3,551,300,096.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +19.51% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +18.31% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+4.80% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
-1.00% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
6.72 | Company's total debt divided by total shareholder equity. |
| Total Debt | 118 Crore | Sum of Elecon Engineering's current & long-term financial obligations. |
| Total Cash | 531.67 Crore | Total amount of liquid funds available to Elecon Engineering. |
| Beta | 1.18 | Beta is greater than 1 indicating that the Elecon Engineering's price is more volatile than the market. |
Is Elecon Engineering A Good Buy For Long Term?
Elecon Engineering, a mid-cap stock with a market capitalization of ₹12,499.07 crore, presents a mixed picture. While its Q2 2024-25 financials show a healthy cash balance of ₹531.67 crore and a respectable profit margin of 18.31%, recent performance is concerning, with a -39.38% YTD return and significant losses over the past six months (-50.48%). Although past 3-year returns are impressive (1221.42%), the current trend suggests it's not a good buy for the long term at this time. Further investigation into the reasons for the recent decline is warranted before considering investment.
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.
