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Hitech Corporation Share Price Target 2024, 2025, 2026 to 2039 With Charts
Hitech Corporation Limited | |||
 | Symbol: HITECHCORP | ||
| Price: ₹234.95 | |||
| Exchange: NSE | |||
| Consumer Cyclical -> Packaging & Containers | |||
Show Table of Contents
Table of Contents
- 1: Hitech Corporation Brief Company Overview
- 1.1: Hitech Corporation Limited: A Comprehensive Overview
- 1.1.1: Key Strengths
- 1.2: Hitech Corporation Financial Performance
- 1.2.1: Is Hitech Corporation A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Hitech Corporation Share Price Target For 2024
- 2.1.1: Hitech Corporation Share Price Target Table For 2024
- 2.1.2: Summary: Hitech Corporation Share Price Prediction For 2024
- 2.2: Hitech Corporation Share Price Target For 2025
- 2.2.1: Hitech Corporation Share Price Target Table For 2025
- 2.2.2: Summary: Hitech Corporation Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Hitech Corporation Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Hitech Corporation Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Hitech Corporation Past Performance
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.
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Hitech Corporation Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 474.64 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 ₹403.54 crore, presents a mixed picture for long-term investors. While its past 3-year and 5-year returns are impressive (97.93% and 111.57% respectively), recent performance is concerning, showing negative returns across various timeframes (YTD -8.17%, past 12 months -5.42%). The low profit margin (3.28%) and significant debt (₹80.38 crore) against minimal cash (₹70.34 lakh) raise red flags. Considering the substantial year-on-year decline in earnings (-49.4%), it's currently a not a good buy for long-term investment. Further investigation is warranted before considering this stock.
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.
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Hitech Corporation Share Price Target Table For 2024
| Hitech Corporation's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 245.00 (+4.27%) | Price Action: Oct 2021 High |
| 2024 Target 2 | 241.98 (+2.99%) | Technical Indicator: MA250 |
| 2024 Target 1 | 237.95 (+1.27%) | Price Action: Mar 2024 High |
| Current Price | 234.95 | Hitech Corporation's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 233.28 (-0.72%) | Fibonacci Retracement Level 98.6% |
| Stop Loss 2 | 229.95 (-2.13%) | Price Action: Jul 2017 High |
| Stop Loss 3 | 227.50 (-3.18%) | Price Action: Aug 2023 Low |
Summary: Hitech Corporation Share Price Prediction For 2024
In summary, Hitech Corporation has declined by ₹-20.90, recording a notable -8.17% decrease from 1st January 2024 to 14 Nov 2024. Despite the setback, our analysis of Hitech Corporation for 2024 predicts an additional rise of 1.27% to 4.27% by the end of 2024 with three potential targets T1: 237.95, T2: 241.98, T3: 245.00. Stop Loss at SL1: 233.28, SL2: 229.95, SL3: 227.50.
Hitech Corporation has a 52-week high of ₹351.35, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹179.89, 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 Hitech Corporation.
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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.
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Hitech Corporation Share Price Target Table For 2025
| Hitech Corporation's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 318.75 (+35.66%) | Price Action: 18 Oct 2024 High |
| 2025 Target 2 | 315.00 (+34.07%) | Price Action: 16 Oct 2024 Low |
| 2025 Target 1 | 309.00 (+31.51%) | Fibonacci Extension Level 100% |
| Current Price | 234.95 | Hitech Corporation's 1 share price as of Thu 14 Nov 2024 |
| Stop Loss 1 | 217.00 (-7.64%) | Price Action: Oct 2023 Low |
| Stop Loss 2 | 214.64 (-8.65%) | Price Action: May 2024 High |
| Stop Loss 3 | 210.00 (-10.62%) | Price Action: Jan 2023 Low |
Summary: Hitech Corporation Share Price Prediction For 2025
In summary, Hitech Corporation has declined by ₹-20.90, recording a notable -8.17% decrease from 1st January 2024 to 14 Nov 2024. Despite the setback, our analysis of Hitech Corporation for 2025 predicts an additional rise of 31.51% to 35.66% by the end of 2025 with three potential targets T1: 309.00, T2: 315.00, T3: 318.75. Stop Loss at SL1: 217.00, SL2: 214.64, SL3: 210.00.
Hitech Corporation has a All-Time high of ₹351.35, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹179.89, 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 Hitech Corporation, we have created a specific page for that check here: Hitech Corporation Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Hitech Corporation Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Hitech Corporation share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 2.17% over the next 15 years.
For complete year by year Hitech Corporation long term share price target from 2024, 2025 to 2039 check the below table.
Hitech Corporation Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Hitech Corporation Target | YoY Change % |
|---|---|---|
| 2024 | ₹234.95 | [Current Price] |
| 2024 | ₹249.81 | 6.32% |
| 2025 | ₹271.33 | 8.61% |
| 2026 | ₹249.7 | -7.98% |
| 2027 | ₹257.89 | 3.28% |
| 2028 | ₹251.62 | -2.44% |
| 2029 | ₹281.81 | 11.99% |
| 2030 | ₹305.22 | 8.3% |
| 2031 | ₹280.12 | -8.23% |
| 2032 | ₹288.57 | 3.01% |
| 2033 | ₹280.86 | -2.68% |
| 2034 | ₹313.8 | 11.72% |
| 2035 | ₹339.1 | 8.06% |
| 2036 | ₹310.54 | -8.43% |
| 2037 | ₹319.25 | 2.8% |
| 2038 | ₹310.08 | -2.87% |
| 2039 | ₹337.44 | 8.82% |
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Hitech Corporation Past Performance
- In 2004, Hitech Corporation opening price was ₹15.25
- As of Thu 14 Nov 2024 the price stands at ₹234.95.
- This represents a Compound Annual Growth Rate (CAGR) of 13.91%.
- In 20 years, an investment of 10,000 would have become ₹1.54 Lakh.
As we wrap up, we hope you like our study on Hitech Corporation 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.
- Hitech Corporation Share Price History
- Hitech Corporation Price Target Tomorrow
- Hitech Corporation Dividend History
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.
