MITCON (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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MITCON Consultancy & Engineering Services Limited |
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Price: ₹116.66 | ||
| 52 Week Low: ₹89.00 52 Week High: ₹161.31 |
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| Market Capital: 173.35 Crore (Smallcap) | |||
| Industrials -> Engineering & Construction | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: MITCON Share Price Target For 2024
- 1.1.1: MITCON Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: MITCON Share Price Target For 2025
- 1.2.1: MITCON Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: MITCON Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: MITCON Brief Company Overview
- 4: MITCON Financial Performance
- 4.0.1: Is MITCON A Good Buy For Long Term?
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.
MITCON Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 123.05 (+5.47%) | Price Action: 23 Oct 2024 Low |
| 2024 Target 2 | 121.65 (+4.26%) | Price Action: 11 Nov 2024 Low |
| 2024 Target 1 | 120.4 (+3.2%) | Price Action: 06 Nov 2024 High |
| Current Price | 116.66 | MITCON's share price as of 23 Dec 2024 |
| Stop Loss 1 | 115.02 (-1.41%) | Price Action: 05 Nov 2024 Low |
| Stop Loss 2 | 113.7 (-2.54%) | Price Action: 18 Dec 2024 Low |
| Stop Loss 3 | 112.52 (-3.55%) | Price Action: 23 Dec 2024 Low |
Short-Term Technical Outlook
Current Technical Position: MITCON is showing bullish momentum with price above both 25-day and 50-day moving averages.
Key Technical Level: The 50-day moving average at ₹116.5 serves as the nearest technical reference point.
Historical Returns: 3-month: -10.89% | 6-month: -13.61% | 1-year: +43.48%
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.
MITCON Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 177.82 (+52.42%) | Price Action: Chart |
| 2025 Target 2 | 174.5 (+49.57%) | Price Action: Chart |
| 2025 Target 1 | 172.77 (+48.09%) | Fibonacci Extension Level 64.90% |
| Current Price | 116.66 | MITCON's share price as of 23 Dec 2024 |
| Stop Loss 1 | 99.24 (-14.94%) | Fibonacci Retracement Level 71.80% |
| Stop Loss 2 | 98.25 (-15.79%) | Price Action: Chart |
| Stop Loss 3 | 96.48 (-17.3%) | Price Action: Chart |
Long-Term Technical Outlook
52-Week Range Analysis: MITCON is currently trading at 38.3% of its 52-week range (₹89 - ₹161.31).
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: +43.48% | 3-year: +101.13% | 5-year: +234.74%
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Approach 2: Machine Learning By Studying Historical Prices
MITCON Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹116.66 | ||
| 2024 | ₹128.33 | +10% | ₹130.25 |
| 2025 | ₹141.09 | +9.94% | ₹147.05 |
| 2026 | ₹168.48 | +19.41% | ₹171.01 |
| 2027 | ₹181.52 | +7.73% | ₹184.80 |
| 2028 | ₹206.64 | +13.83% | ₹209.74 |
| 2029 | ₹210.31 | +1.77% | ₹213.46 |
| 2030 | ₹221.01 | +5.08% | ₹232.78 |
| 2031 | ₹254.21 | +15.02% | ₹258.02 |
| 2032 | ₹265.35 | +4.38% | ₹272.16 |
| 2033 | ₹294.00 | +10.79% | ₹298.41 |
| 2034 | ₹292.30 | -0.57% | ₹297.07 |
| 2035 | ₹300.93 | +2.95% | ₹318.50 |
| 2036 | ₹339.94 | +12.96% | ₹345.04 |
| 2037 | ₹349.18 | +2.71% | ₹359.53 |
| 2038 | ₹381.37 | +9.21% | ₹387.09 |
| 2039 | ₹371.03 | -2.71% | ₹382.80 |
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.
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.MITCON Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 173.35 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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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.
