Prakash Steelage (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
|
Prakash Steelage Limited |
|||
|
Price: ₹8.21 | ||
| 52 Week Low: ₹7.25 52 Week High: ₹16.20 |
|||
| Market Capital: 166.93 Crore (Smallcap) | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Prakash Steelage Share Price Target For 2024
- 1.1.1: Prakash Steelage Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Prakash Steelage Share Price Target For 2025
- 1.2.1: Prakash Steelage Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Prakash Steelage Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Prakash Steelage Brief Company Overview
- 4: Prakash Steelage Financial Performance
- 4.0.1: Is Prakash Steelage A Good Buy For Long Term?
To predict the Prakash Steelage'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
Prakash Steelage Share Price Target For 2024
The line chart displays the monthly closing prices of Prakash Steelage 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 Prakash Steelage shares in 2024, see the table below.
Prakash Steelage Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 8.72 (+6.21%) | Fibonacci Extension Level 23.60% |
| 2024 Target 2 | 8.63 (+5.11%) | Price Action: 23 Oct 2024 High |
| 2024 Target 1 | 8.54 (+4.01%) | Price Action: 06 Dec 2024 Low |
| Current Price | 8.21 | Prakash Steelage's share price as of 26 Dec 2024 |
| Stop Loss 1 | 8.06 (-1.83%) | Price Action: 23 Oct 2024 Low |
| Stop Loss 2 | 7.96 (-3.05%) | Price Action: 21 Nov 2024 Low |
| Stop Loss 3 | 7.85 (-4.38%) | Price Action: 19 Mar 2024 High |
Short-Term Technical Outlook
Current Technical Position: Prakash Steelage is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 50-day moving average at ₹8.52 serves as the nearest technical reference point.
Historical Returns: 3-month: -10.47% | 6-month: -11.34% | 1-year: -14.92%
Prakash Steelage Share Price Target For 2025
The line chart displays the monthly closing prices of Prakash Steelage 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 Prakash Steelage shares in 2025, see the table below.
Prakash Steelage Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 15.28 (+86.11%) | Fibonacci Extension Level 64.90% |
| 2025 Target 2 | 14.9 (+81.48%) | Price Action: Chart |
| 2025 Target 1 | 14.75 (+79.65%) | Price Action: 11 Jan 2024 High |
| Current Price | 8.21 | Prakash Steelage's share price as of 26 Dec 2024 |
| Stop Loss 1 | 6.5 (-20.83%) | Price Action: 15 Sep 2023 High |
| Stop Loss 2 | 6.4 (-22.05%) | Price Action: 16 Aug 2023 Low |
| Stop Loss 3 | 6.3 (-23.27%) | Price Action: 20 Sep 2023 High |
Long-Term Technical Outlook
52-Week Range Analysis: Prakash Steelage is currently trading near its 52-week low of ₹7.25, indicating potential value opportunity.
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: -14.92% | 3-year: +21.63% | 5-year: +3,184%
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
Prakash Steelage Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹8.21 | ||
| 2024 | ₹8.63 | +5.11% | ₹8.76 |
| 2025 | ₹9.02 | +4.51% | ₹9.62 |
| 2026 | ₹11.57 | +28.27% | ₹11.74 |
| 2027 | ₹9.63 | -16.76% | ₹9.77 |
| 2028 | ₹9.47 | -1.66% | ₹9.94 |
| 2029 | ₹10.05 | +6.12% | ₹10.20 |
| 2030 | ₹10.46 | +4.07% | ₹10.62 |
| 2031 | ₹13.36 | +27.72% | ₹13.56 |
| 2032 | ₹11.07 | -17.14% | ₹11.55 |
| 2033 | ₹10.85 | -1.98% | ₹13.80 |
| 2034 | ₹11.48 | +5.8% | ₹14.25 |
| 2035 | ₹11.90 | +3.65% | ₹14.70 |
| 2036 | ₹15.15 | +27.31% | ₹15.38 |
| 2037 | ₹12.52 | -17.35% | ₹13.09 |
| 2038 | ₹12.23 | -2.31% | ₹15.59 |
| 2039 | ₹12.87 | +5.23% | ₹16.04 |
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.
Prakash Steelage Brief Company Overview
Prakash Steelage Limited: A Leading Manufacturer and Trader in India Established in 1991, Prakash Steelage Limited is a reputable manufacturer and trader of stainless steel products in India, serving diverse industries. Key Products and Services: Welded...
pipes Tubes U-tubes Equipment sector components Market Presence: Prakash Steelage Limited has a strong market presence both in India and internationally. They export their products to customers in North America, South East Asia, Africa, the Middle East, and Europe. Commitment: The company is committed to providing high-quality products and exceptional customer service, maintaining its reputation as a reliable partner in the industry.Prakash Steelage Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 166.93 Crore | Market valuation of Prakash Steelage's shares. |
| Revenue (TTM) | 111.41 Crore | Total revenue generated by Prakash Steelage over the past twelve months. |
| Net Income (TTM) | +22.91 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +4.26% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +20.56% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
-5.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
-39.6% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
-0.91 | Company's total debt divided by total shareholder equity. |
| Total Debt | 25.61 Crore | Sum of Prakash Steelage's current & long-term financial obligations. |
| Total Cash | 93.33 Lakh | Total amount of liquid funds available to Prakash Steelage. |
| Beta | 0.83 | Beta is less than 1 indicating that the Prakash Steelage's price is less volatile than the market. |
Is Prakash Steelage A Good Buy For Long Term?
Prakash Steelage is a smallcap stock with a 108.79% return over the past 12 months. However, its recent performance has been mixed, with a -39.6% change in earnings and a -5.3% change in revenue compared to the same quarter last year and the previous quarter respectively. Despite this, the company has a healthy profit margin of 20.56% and a low debt-to-equity ratio. Overall, while the stock has performed well over the past year, its recent performance and high debt levels suggest it may not be a good buy for long-term investors.
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.
