Hitech Corporation (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
|
Hitech Corporation Limited |
|||
|
Price: ₹228.01 | ||
| 52 Week Low: ₹179.90 52 Week High: ₹351.35 |
|||
| Market Capital: 403.45 Crore (Smallcap) | |||
| Consumer Cyclical -> Packaging & Containers | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Hitech Corporation Share Price Target For 2024
- 1.1.1: Hitech Corporation Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Hitech Corporation Share Price Target For 2025
- 1.2.1: Hitech Corporation Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Hitech Corporation Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Hitech Corporation Brief Company Overview
- 4: Hitech Corporation Financial Performance
- 4.0.1: Is Hitech Corporation A Good Buy For Long Term?
To predict the Hitech Corporation'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
Hitech Corporation Share Price Target For 2024
The line chart displays the monthly closing prices of Hitech Corporation 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 Hitech Corporation shares in 2024, see the table below.
Hitech Corporation Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 239.75 (+5.14%) | Price Action: 25 Nov 2024 High |
| 2024 Target 2 | 236.97 (+3.92%) | Price Action: Mar 2024 High |
| 2024 Target 1 | 234.35 (+2.78%) | Price Action: 25 Nov 2024 Low |
| Current Price | 228.01 | Hitech Corporation's share price as of 23 Dec 2024 |
| Stop Loss 1 | 225.0 (-1.33%) | Price Action: Dec 2024 Low |
| Stop Loss 2 | 221.15 (-3.01%) | Price Action: Apr 2022 Low |
| Stop Loss 3 | 218.78 (-4.05%) | Price Action: May 2022 Low |
Short-Term Technical Outlook
Current Technical Position: Hitech Corporation is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 25-day moving average at ₹244.29 serves as the nearest technical reference point.
Historical Returns: 3-month: -10.62% | 6-month: +10.38% | 1-year: -5.38%
Hitech Corporation Share Price Target For 2025
The line chart displays the monthly closing prices of Hitech Corporation 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 Hitech Corporation shares in 2025, see the table below.
Hitech Corporation Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 351.35 (+54.09%) | Fibonacci Extension Level 100.00% |
| 2025 Target 2 | 343.16 (+50.5%) | Price Action: Chart |
| 2025 Target 1 | 339.76 (+49.01%) | Fibonacci Extension Level 64.90% |
| Current Price | 228.01 | Hitech Corporation's share price as of 23 Dec 2024 |
| Stop Loss 1 | 201.95 (-11.43%) | Price Action: Mar 2023 High |
| Stop Loss 2 | 199.77 (-12.39%) | Price Action: Nov 2016 High |
| Stop Loss 3 | 197.09 (-13.57%) | Price Action: Apr 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: Hitech Corporation is currently trading at 28.1% of its 52-week range (₹179.9 - ₹351.35).
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: -5.38% | 3-year: -18.35% | 5-year: +180.48%
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
Hitech Corporation Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹228.01 | ||
| 2024 | ₹249.21 | +9.29% | ₹252.95 |
| 2025 | ₹269.60 | +8.18% | ₹273.64 |
| 2026 | ₹247.16 | -8.32% | ₹255.92 |
| 2027 | ₹254.35 | +2.9% | ₹276.70 |
| 2028 | ₹247.30 | -2.77% | ₹283.81 |
| 2029 | ₹276.04 | +11.62% | ₹290.91 |
| 2030 | ₹298.02 | +7.96% | ₹302.49 |
| 2031 | ₹272.67 | -8.5% | ₹282.75 |
| 2032 | ₹280.07 | +2.71% | ₹305.12 |
| 2033 | ₹271.81 | -2.94% | ₹312.22 |
| 2034 | ₹302.87 | +11.42% | ₹319.33 |
| 2035 | ₹326.43 | +7.77% | ₹331.33 |
| 2036 | ₹298.19 | -8.65% | ₹309.58 |
| 2037 | ₹305.80 | +2.55% | ₹333.53 |
| 2038 | ₹296.33 | -3.09% | ₹340.64 |
| 2039 | ₹321.80 | +8.59% | ₹347.74 |
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.
Hitech Corporation Brief Company Overview
Hitech Corporation Limited: A Comprehensive Overview Hitech Corporation Limited, established in 1991, is a leading manufacturer, exporter, and seller of rigid plastic containers. The company's products find extensive applications across various industries, including...
paints, agrochemicals, and personal care. Key Strengths Extensive Product Range: Hitech offers a comprehensive range of plastic containers tailored to specific industry needs. Global Presence: The company has established a strong international presence, catering to markets beyond India. Industry Reputation: Hitech has a well-established reputation in the plastics industry, known for its quality products and customer satisfaction. Commitment to Innovation: The company continuously invests in research and development, ensuring the latest technologies are incorporated into its products.Hitech Corporation Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 403.45 Crore | Market valuation of Hitech Corporation's shares. |
| Revenue (TTM) | 554.03 Crore | Total revenue generated by Hitech Corporation over the past twelve months. |
| Net Income (TTM) | +18.2 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +5.17% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +3.28% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
-5.2% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
-49.4% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
30.51 | Company's total debt divided by total shareholder equity. |
| Total Debt | 80.38 Crore | Sum of Hitech Corporation's current & long-term financial obligations. |
| Total Cash | 70.34 Lakh | Total amount of liquid funds available to Hitech Corporation. |
| Beta | 0.91 | Beta is less than 1 indicating that the Hitech Corporation's price is less volatile than the market. |
Is Hitech Corporation A Good Buy For Long Term?
Hitech Corporation, a small-cap stock with a market capitalization of ₹403.45 crore, presents a mixed picture for long-term investors. While its past 3-5 year returns (96.96% and 110.53% respectively) are impressive, recent performance is concerning: YTD returns are -8.62%, and Q1 2024-25 shows a -49.4% decrease in earnings compared to the same quarter last year. The low profit margin (3.28%) and substantial debt (₹80.38 crore) against minimal cash (₹70.34 lakh) raise significant red flags. Therefore, it's currently a not a good buy for long-term investment. Further investigation into the reasons for the sharp decline in earnings is crucial before considering any 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.
