Steel Strips Wheels (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Steel Strips Wheels Limited |
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Price: ₹201.07 | ||
| 52 Week Low: ₹188.85 52 Week High: ₹289.50 |
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| Market Capital: 3,566.99 Crore (Smallcap) | |||
| Consumer Cyclical -> Auto Parts | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Steel Strips Wheels Share Price Target For 2024
- 1.1.1: Steel Strips Wheels Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Steel Strips Wheels Share Price Target For 2025
- 1.2.1: Steel Strips Wheels Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Steel Strips Wheels Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Steel Strips Wheels Brief Company Overview
- 4: Steel Strips Wheels Financial Performance
- 4.0.1: Is Steel Strips Wheels A Good Buy For Long Term?
To predict the Steel Strips Wheels'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
Steel Strips Wheels Share Price Target For 2024
The line chart displays the monthly closing prices of Steel Strips Wheels 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 Steel Strips Wheels shares in 2024, see the table below.
Steel Strips Wheels Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 209.75 (+4.31%) | Price Action: 12 Nov 2024 High |
| 2024 Target 2 | 207.67 (+3.28%) | Fibonacci Extension Level 23.60% |
| 2024 Target 1 | 205.56 (+2.23%) | Price Action: May 2024 Low |
| Current Price | 201.07 | Steel Strips Wheels's share price as of 20 Dec 2024 |
| Stop Loss 1 | 198.81 (-1.13%) | Price Action: 04 Nov 2024 Low |
| Stop Loss 2 | 196.0 (-2.53%) | Price Action: 28 Oct 2024 High |
| Stop Loss 3 | 193.6 (-3.72%) | Price Action: 25 Oct 2024 Low |
Short-Term Technical Outlook
Current Technical Position: Steel Strips Wheels is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 50-day moving average at ₹206.99 serves as the nearest technical reference point.
Historical Returns: 3-month: -5.79% | 6-month: -6.75% | 1-year: -22.05%
Steel Strips Wheels Share Price Target For 2025
The line chart displays the monthly closing prices of Steel Strips Wheels 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 Steel Strips Wheels shares in 2025, see the table below.
Steel Strips Wheels Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 273.26 (+35.90%) | Price Action: Chart |
| 2025 Target 2 | 268.16 (+33.36%) | Price Action: Chart |
| 2025 Target 1 | 265.5 (+32.04%) | Fibonacci Extension Level 64.90% |
| Current Price | 201.07 | Steel Strips Wheels's share price as of 20 Dec 2024 |
| Stop Loss 1 | 184.92 (-8.04%) | Price Action: May 2022 High |
| Stop Loss 2 | 182.31 (-9.34%) | Price Action: Sep 2022 High |
| Stop Loss 3 | 177.38 (-11.79%) | Price Action: Aug 2022 High |
Long-Term Technical Outlook
52-Week Range Analysis: Steel Strips Wheels is currently trading near its 52-week low of ₹188.85, 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: -22.05% | 3-year: +18.37% | 5-year: +166.74%
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Approach 2: Machine Learning By Studying Historical Prices
Steel Strips Wheels Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹201.07 | ||
| 2024 | ₹192.94 | -4.04% | ₹199.97 |
| 2025 | ₹180.50 | -6.45% | ₹187.27 |
| 2026 | ₹149.44 | -17.21% | ₹167.24 |
| 2027 | ₹157.50 | +5.39% | ₹159.86 |
| 2028 | ₹192.47 | +22.20% | ₹204.81 |
| 2029 | ₹210.46 | +9.35% | ₹228.79 |
| 2030 | ₹224.72 | +6.78% | ₹228.09 |
| 2031 | ₹204.86 | -8.84% | ₹222.54 |
| 2032 | ₹197.19 | -3.74% | ₹220.65 |
| 2033 | ₹178.92 | -9.27% | ₹216.57 |
| 2034 | ₹195.43 | +9.23% | ₹212.50 |
| 2035 | ₹208.43 | +6.65% | ₹211.56 |
| 2036 | ₹189.80 | -8.94% | ₹206.39 |
| 2037 | ₹182.48 | -3.86% | ₹204.36 |
| 2038 | ₹165.36 | -9.38% | ₹200.29 |
| 2039 | ₹196.22 | +18.66% | ₹199.16 |
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.
Steel Strips Wheels Brief Company Overview
Steel Strips Wheels Limited: A Reputable Force in the Automotive Industry Since its inception in 1985, Steel Strips Wheels Limited has established itself as a leading player in the design, manufacturing, and sale of automotive wheels. Headquartered in Chandigarh,...
India, the company has expanded its reach internationally, catering to the needs of a diverse clientele. Steel Strips Wheels Limited boasts a comprehensive product range, including steel wheel rims, alloy wheel rims, and hot rolling mills. These products are engineered to cater to a wide spectrum of vehicles, from two and three-wheelers to passenger cars, multi-utility vehicles, tractors, commercial vehicles, and OTR vehicles. Over the years, the company has garnered a reputation for high quality and customer satisfaction. Its commitment to innovation and precision has earned it recognition in the industry. Steel Strips Wheels Limited continues to drive progress through its unwavering focus on providing exceptional products and services to its valued customers.Steel Strips Wheels Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 3,566.99 Crore | Market valuation of Steel Strips Wheels's shares. |
| Revenue (TTM) | 4,293.34 Crore | Total revenue generated by Steel Strips Wheels over the past twelve months. |
| Net Income (TTM) | +2,064,161,024.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +8.48% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +4.80% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+18.30% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+35.79% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
68.38 | Company's total debt divided by total shareholder equity. |
| Total Debt | 836.38 Crore | Sum of Steel Strips Wheels's current & long-term financial obligations. |
| Total Cash | 36.67 Crore | Total amount of liquid funds available to Steel Strips Wheels. |
| Beta | 0.57 | Beta is less than 1 indicating that the Steel Strips Wheels's price is less volatile than the market. |
Is Steel Strips Wheels A Good Buy For Long Term?
Steel Strips Wheels, with a revenue of 4,293.34 Crore and a debt of 836.38 Crore, has shown a consistent revenue growth with a 18.3% increase in the last quarter and a 35.79% increase compared to the same quarter last year. Despite a small dip in the past months, the stock has performed well over the past 3, 5, and 12 months, with a strong 40.61% return in the past year and an impressive 349.74% return in the past three years. Considering these factors, it can be considered a decent buy for long-term investment.
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.
