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MITCON Share Price Target 2024, 2025, 2026 to 2039 With Charts
MITCON Consultancy & Engineering Services Limited | |||
 | Symbol: MITCON | ||
| Price: ₹130.21 | |||
| Exchange: NSE | |||
| Industrials -> Engineering & Construction | |||
Show Table of Contents
Table of Contents
- 1: MITCON Brief Company Overview
- 1.1: MITCON Consultancy & Engineering Services Limited: A Reputable Provider of Engineering Solutions
- 1.2: MITCON Financial Performance
- 1.2.1: Is MITCON A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: MITCON Share Price Target For 2024
- 2.1.1: MITCON Share Price Target Table For 2024
- 2.1.2: Summary: MITCON Share Price Prediction For 2024
- 2.2: MITCON Share Price Target For 2025
- 2.2.1: MITCON Share Price Target Table For 2025
- 2.2.2: Summary: MITCON Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: MITCON Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: MITCON Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: MITCON Past Performance
MITCON Brief Company Overview
MITCON Consultancy & Engineering Services Limited: A Reputable Provider of Engineering Solutions
MITCON Consultancy & Engineering Services Limited, a highly regarded company in the industry, has been providing expert services in India since 1982. With a diverse range of products, MITCON has established a prominent market presence.
- Key Products and Services:
- Renewable power plant solutions
- EPC services for solar power projects
- Pre-investment and EPCM services for bio-origin industries
- Advisory services on technical, financial, and environmental issues
- Environmental services, including regulatory and statutory advisory, environment and social impact assessment
- Sustainability services, comprising carbon footprint assessment and ESG reporting
- Skill development and capacity building
- Infrastructure services for roads and bridges, urban infrastructure, railways, and water
- Reputation and Commitment:
MITCON has built a reputation for its commitment to delivering high-quality solutions. The company is committed to sustainability and innovation, constantly striving to meet the evolving needs of its clients.
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MITCON Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 205.91 Crore | Market valuation of MITCON's shares. |
| Revenue (TTM) | 124.3 Crore | Total revenue generated by MITCON over the past twelve months. |
| Net Income (TTM) | +6.47 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 22.27% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 5.2% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -17.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +73.3% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 110.17 | Company's total debt divided by total shareholder equity. |
| Total Debt | 143.89 Crore | Sum of MITCON's current & long-term financial obligations. |
| Total Cash | 14.04 Crore | Total amount of liquid funds available to MITCON. |
| Beta | -0.1 | Beta is less than 1 indicating that the MITCON's price is less volatile than the market. |
Is MITCON A Good Buy For Long Term?
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To predict the MITCON'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
MITCON Share Price Target For 2024
The line chart displays the monthly closing prices of MITCON 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 MITCON shares in 2024, see the table below.
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MITCON Share Price Target Table For 2024
| MITCON's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 137.50 (+5.59%) | Price Action: 05 Sep 2024 High |
| 2024 Target 2 | 136.00 (+4.44%) | Price Action: 02 Aug 2024 Low |
| 2024 Target 1 | 134.00 (+2.91%) | Price Action: 28 Aug 2024 Low |
| Current Price | 130.21 | MITCON's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 128.43 (-1.37%) | Fibonacci Retracement Level 98.6% |
| Stop Loss 2 | 127.01 (-2.46%) | Price Action: 09 Aug 2024 Low |
| Stop Loss 3 | 124.26 (-4.57%) | Price Action: 05 Aug 2024 Low |
Summary: MITCON Share Price Prediction For 2024
In summary, MITCON has surged by ₹37.76, achieving a notable +40.84% increase from 1st January 2024 to 06 Sep 2024. Our analysis of MITCON for 2024 predicts an additional rise of 2.91% to 5.59% by the end of 2024 with three potential targets T1: 134.00, T2: 136.00, T3: 137.50. Stop Loss at SL1: 128.43, SL2: 127.01, SL3: 124.26.
MITCON has a 52-week high of ₹161.31, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹73.09, 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 MITCON.
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MITCON Share Price Target For 2025
The line chart displays the monthly closing prices of MITCON 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 MITCON shares in 2025, see the table below.
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MITCON Share Price Target Table For 2025
| MITCON's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 196.23 (+50.7%) | Price Action: Chart |
| 2025 Target 2 | 192.57 (+47.89%) | Price Action: Chart |
| 2025 Target 1 | 190.66 (+46.42%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 130.21 | MITCON's 1 share price as of Fri 06 Sep 2024 |
| Stop Loss 1 | 114.80 (-11.84%) | Technical Indicator: MA250 |
| Stop Loss 2 | 113.65 (-12.72%) | Price Action: Chart |
| Stop Loss 3 | 111.60 (-14.3%) | Price Action: Chart |
Summary: MITCON Share Price Prediction For 2025
In summary, MITCON has surged by ₹37.76, achieving a notable +40.84% increase from 1st January 2024 to 06 Sep 2024. Our analysis of MITCON for 2025 predicts an additional rise of 46.42% to 50.7% by the end of 2025 with three potential targets T1: 190.66, T2: 192.57, T3: 196.23. Stop Loss at SL1: 114.80, SL2: 113.65, SL3: 111.60.
MITCON has a All-Time high of ₹187.56, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹73.09, 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 MITCON, we have created a specific page for that check here: MITCON Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
MITCON Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of MITCON share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 9.14% over the next 15 years.
For complete year by year MITCON long term share price target from 2024, 2025 to 2039 check the below table.
MITCON Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | MITCON Target | YoY Change % |
|---|---|---|
| 2024 | ₹130.21 | [Current Price] |
| 2024 | ₹143.77 | 10.41% |
| 2025 | ₹166.12 | 15.54% |
| 2026 | ₹200.16 | 20.49% |
| 2027 | ₹220.15 | 9.98% |
| 2028 | ₹254.71 | 15.69% |
| 2029 | ₹262.08 | 2.89% |
| 2030 | ₹283.51 | 8.17% |
| 2031 | ₹324.08 | 14.31% |
| 2032 | ₹341.43 | 5.35% |
| 2033 | ₹381.11 | 11.62% |
| 2034 | ₹380.4 | -0.19% |
| 2035 | ₹400.91 | 5.39% |
| 2036 | ₹448.02 | 11.75% |
| 2037 | ₹462.72 | 3.28% |
| 2038 | ₹507.51 | 9.67% |
| 2039 | ₹488.95 | -3.66% |
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MITCON Past Performance
- In 2013, MITCON opening price was ₹44.5
- As of Fri 06 Sep 2024 the price stands at ₹130.21.
- This represents a Compound Annual Growth Rate (CAGR) of 9.36%.
- In 11 years, an investment of 10,000 would have become ₹29,260.67.
As we wrap up, we hope you like our study on MITCON 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.
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.
