Magna Electro Castings (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Magna Electro Castings Limited |
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Price: ₹985.00 | ||
| 52 Week Low: ₹388.00 52 Week High: ₹1,299.00 |
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| Market Capital: 457.94 Crore (Smallcap) | |||
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Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Magna Electro Castings Share Price Target For 2024
- 1.1.1: Magna Electro Castings Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Magna Electro Castings Share Price Target For 2025
- 1.2.1: Magna Electro Castings Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Magna Electro Castings Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Magna Electro Castings Financial Performance
- 3.0.1: Is Magna Electro Castings A Good Buy For Long Term?
To predict the Magna Electro Castings'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
Magna Electro Castings Share Price Target For 2024
The line chart displays the monthly closing prices of Magna Electro Castings 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 Magna Electro Castings shares in 2024, see the table below.
Magna Electro Castings Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 1069.72 (+8.6%) | Fibonacci Extension Level 23.60% |
| 2024 Target 2 | 1049.39 (+6.53%) | Price Action: Chart |
| 2024 Target 1 | 1039.0 (+5.48%) | Price Action: 18 Dec 2024 High |
| Current Price | 985.00 | Magna Electro Castings's share price as of 23 Dec 2024 |
| Stop Loss 1 | 960.0 (-2.54%) | Price Action: 05 Nov 2024 High |
| Stop Loss 2 | 945.03 (-4.05%) | Fibonacci Retracement Level 98.60% |
| Stop Loss 3 | 927.04 (-5.89%) | Price Action: 19 Nov 2024 Low |
Short-Term Technical Outlook
Current Technical Position: Magna Electro Castings is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 50-day moving average at ₹998.12 serves as the nearest technical reference point.
Historical Returns: 3-month: +20.34% | 6-month: +108.39% | 1-year: +100.74%
Magna Electro Castings Share Price Target For 2025
The line chart displays the monthly closing prices of Magna Electro Castings 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 Magna Electro Castings shares in 2025, see the table below.
Magna Electro Castings Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 1622.25 (+64.69%) | Price Action: Chart |
| 2025 Target 2 | 1592.0 (+61.62%) | Price Action: Chart |
| 2025 Target 1 | 1576.24 (+60.02%) | Fibonacci Extension Level 64.90% |
| Current Price | 985.00 | Magna Electro Castings's share price as of 23 Dec 2024 |
| Stop Loss 1 | 843.5 (-14.37%) | Fibonacci Retracement Level 50.00% |
| Stop Loss 2 | 835.06 (-15.23%) | Price Action: Chart |
| Stop Loss 3 | 814.34 (-17.32%) | Price Action: 25 Oct 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: Magna Electro Castings is currently trading at 65.5% of its 52-week range (₹388 - ₹1299).
Long-Term Trend Analysis: The stock is maintaining a bullish long-term trend, trading above both 150-day and 250-day moving averages.
Long-Term Performance: 1-year: +100.74% | 3-year: +394.5% | 5-year: +460.23%
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Approach 2: Machine Learning By Studying Historical Prices
Magna Electro Castings Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹985.00 | ||
| 2024 | ₹986.04 | +0.1% | ₹1,000.83 |
| 2025 | ₹1,875.82 | +90.23% | ₹1,903.96 |
| 2026 | ₹2,472.14 | +31.78% | ₹2,509.22 |
| 2027 | ₹3,159.64 | +27.8% | ₹3,207.03 |
| 2028 | ₹4,059.25 | +28.47% | ₹4,120.14 |
| 2029 | ₹4,535.17 | +11.72% | ₹4,820.13 |
| 2030 | ₹5,801.56 | +27.92% | ₹5,888.58 |
| 2031 | ₹6,119.31 | +5.47% | ₹6,211.10 |
| 2032 | ₹6,759.04 | +10.45% | ₹6,883.87 |
| 2033 | ₹7,825.40 | +15.77% | ₹7,942.78 |
| 2034 | ₹8,084.30 | +3.3% | ₹8,745.87 |
| 2035 | ₹9,727.31 | +20.32% | ₹9,873.22 |
| 2036 | ₹9,766.48 | +0.4% | ₹9,912.98 |
| 2037 | ₹10,358.43 | +6.06% | ₹10,513.81 |
| 2038 | ₹11,591.56 | +11.9% | ₹11,765.43 |
| 2039 | ₹11,796.76 | +1.77% | ₹12,671.61 |
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.
Magna Electro Castings Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 457.94 Crore | Market valuation of Magna Electro Castings's shares. |
| Revenue (TTM) | 140.43 Crore | Total revenue generated by Magna Electro Castings over the past twelve months. |
| Net Income (TTM) | +15.1 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +14.58% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +37.79% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+8.23% | Change in revenue compared to the previous quarter. |
| Total Debt | 4.74 Lakh | Sum of Magna Electro Castings's current & long-term financial obligations. |
Is Magna Electro Castings A Good Buy For Long Term?
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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.
