Happy Forgings (Mid Cap) Share Target 2024, 2025 To 2039
|
Happy Forgings Limited |
|||
|
Price: ₹1,010.65 | ||
| 52 Week Low: ₹813.20 52 Week High: ₹1,299.95 |
|||
| Market Capital: 10,038.47 Crore (Midcap) | |||
| Industrials -> Metal Fabrication | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Happy Forgings Share Price Target For 2024
- 1.1.1: Happy Forgings Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Happy Forgings Share Price Target For 2025
- 1.2.1: Happy Forgings Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Happy Forgings Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Happy Forgings Brief Company Overview
- 4: Happy Forgings Financial Performance
- 4.0.1: Is Happy Forgings A Good Buy For Long Term?
To predict the Happy Forgings'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
Happy Forgings Share Price Target For 2024
The line chart displays the monthly closing prices of Happy Forgings 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 Happy Forgings shares in 2024, see the table below.
Happy Forgings Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 1062.0 (+5.08%) | Price Action: 04 Nov 2024 Low |
| 2024 Target 2 | 1049.0 (+3.79%) | Price Action: 18 Dec 2024 High |
| 2024 Target 1 | 1035.09 (+2.41%) | Price Action: Oct 2024 Low |
| Current Price | 1010.65 | Happy Forgings's share price as of 20 Dec 2024 |
| Stop Loss 1 | 997.94 (-1.26%) | Fibonacci Retracement Level 98.60% |
| Stop Loss 2 | 976.74 (-3.36%) | Price Action: Apr 2024 High |
| Stop Loss 3 | 961.25 (-4.89%) | Price Action: Dec 2023 Low |
Short-Term Technical Outlook
Current Technical Position: Happy Forgings is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹1075.06 serves as the nearest technical reference point.
Historical Returns: 3-month: -14.80% | 6-month: -16.85% | 1-year: -1.81%
Happy Forgings Share Price Target For 2025
The line chart displays the monthly closing prices of Happy Forgings 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 Happy Forgings shares in 2025, see the table below.
Happy Forgings Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 1364.21 (+34.98%) | Price Action: Chart |
| 2025 Target 2 | 1338.77 (+32.46%) | Price Action: Chart |
| 2025 Target 1 | 1325.51 (+31.15%) | Fibonacci Extension Level 64.90% |
| Current Price | 1010.65 | Happy Forgings's share price as of 20 Dec 2024 |
| Stop Loss 1 | 914.7 (-9.50%) | Price Action: Jan 2024 Low |
| Stop Loss 2 | 901.24 (-10.83%) | Price Action: Feb 2024 Low |
| Stop Loss 3 | 881.06 (-12.83%) | Price Action: Apr 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: Happy Forgings is currently trading at 40.6% of its 52-week range (₹813.2 - ₹1299.95).
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: -1.81% | 3-year: NA | 5-year: NA
Stay ahead of the market! Get instant alerts on crucial market breakouts. Don't miss out on key opportunities!
Your phone number will be HIDDEN to other users.
Approach 2: Machine Learning By Studying Historical Prices
Happy Forgings Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹1,010.65 | ||
| 2024 | ₹1,144.77 | +13.27% | ₹1,161.94 |
| 2025 | ₹1,195.62 | +4.44% | ₹1,227.92 |
| 2026 | ₹1,308.42 | +9.43% | ₹1,328.05 |
| 2027 | ₹1,364.04 | +4.25% | ₹1,384.50 |
| 2028 | ₹1,415.94 | +3.80% | ₹1,437.18 |
| 2029 | ₹1,483.74 | +4.79% | ₹1,506.00 |
| 2030 | ₹1,529.86 | +3.11% | ₹1,577.69 |
| 2031 | ₹1,654.81 | +8.17% | ₹1,679.63 |
| 2032 | ₹1,707.00 | +3.15% | ₹1,732.60 |
| 2033 | ₹1,754.91 | +2.81% | ₹1,781.23 |
| 2034 | ₹1,822.70 | +3.86% | ₹1,850.04 |
| 2035 | ₹1,864.09 | +2.27% | ₹1,927.47 |
| 2036 | ₹2,001.20 | +7.36% | ₹2,031.22 |
| 2037 | ₹2,049.97 | +2.44% | ₹2,080.72 |
| 2038 | ₹2,093.88 | +2.14% | ₹2,125.29 |
| 2039 | ₹2,156.02 | +2.97% | ₹2,189.80 |
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.
Happy Forgings Brief Company Overview
Happy Forgings Limited: A Leading Manufacturer in the Forgings Industry Happy Forgings Limited, established in 1979, is a renowned manufacturer of forgings and related components in India. With a strong commitment to excellence, the company has carved a niche for itself in the...
industry, serving a diverse range of sectors. Key Products and Services: • Heavy forged and machined products • Bicycle pedals, brake flanges, bushes, bull gears, camshafts, crankshafts • Connecting rods, crown wheels, differential cases, front axle beams • Steering knuckles, differential cases, semi-machined transmission parts Happy Forgings' products cater to manufacturers of heavy commercial vehicles, farm equipment, off highway and industrial equipment, as well as machinery for oil and gas, aerospace, defense, power generation, railways, and wind turbine industries. Global Presence: The company exports its products to over 10 countries, including Brazil, Italy, Japan, Spain, and the United Kingdom. Happy Forgings Limited's reputation for quality, reliability, and innovation has solidified its position as a trusted partner for its clients.Happy Forgings Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 10,038.47 Crore | Market valuation of Happy Forgings's shares. |
| Revenue (TTM) | 1,387.93 Crore | Total revenue generated by Happy Forgings over the past twelve months. |
| Net Income (TTM) | +2,588,503,040.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +23.73% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +18.64% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+5.30% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+29.10% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
8.69 | Company's total debt divided by total shareholder equity. |
| Total Debt | 148.83 Crore | Sum of Happy Forgings's current & long-term financial obligations. |
| Total Cash | 92.55 Crore | Total amount of liquid funds available to Happy Forgings. |
Is Happy Forgings A Good Buy For Long Term?
Happy Forgings, a mid-cap stock with a market capitalization of ₹10,038.47 crore, presents a mixed picture for long-term investors. While the company boasts a healthy profit margin of 18.64% and ₹258.85 crore net profit (TTM), recent performance shows a -15.42% return over the past three months. The relatively low debt of ₹148.83 crore (Q2 2024-25) and positive YTD return of 3.53% are positive signs. However, the stagnant 3 and 5-year returns raise concerns. More in-depth analysis is needed before labeling it a definitive "buy," suggesting a cautious approach is warranted. It's currently an average 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.
