Steelcast (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Steelcast Limited |
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Price: ₹875.95 | ||
| 52 Week Low: ₹590.00 52 Week High: ₹920.00 |
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| Market Capital: 1,314.48 Crore (Smallcap) | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Steelcast Share Price Target For 2024
- 1.1.1: Steelcast Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Steelcast Share Price Target For 2025
- 1.2.1: Steelcast Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Steelcast Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Steelcast Brief Company Overview
- 4: Steelcast Financial Performance
- 4.0.1: Is Steelcast A Good Buy For Long Term?
To predict the Steelcast'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
Steelcast Share Price Target For 2024
The line chart displays the monthly closing prices of Steelcast 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 Steelcast shares in 2024, see the table below.
Steelcast Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 920.0 (+5.01%) | Fibonacci Extension Level 100.00% |
| 2024 Target 2 | 909.9 (+3.87%) | Price Action: 16 Dec 2024 High |
| 2024 Target 1 | 900.0 (+2.74%) | Price Action: 17 Dec 2024 High |
| Current Price | 875.95 | Steelcast's share price as of 23 Dec 2024 |
| Stop Loss 1 | 864.05 (-1.36%) | Price Action: 10 Dec 2024 Low |
| Stop Loss 2 | 852.5 (-2.68%) | Fibonacci Retracement Level 50.00% |
| Stop Loss 3 | 841.5 (-3.94%) | Price Action: 05 Nov 2024 High |
Short-Term Technical Outlook
Current Technical Position: Steelcast is showing bullish momentum with price above both 25-day and 50-day moving averages.
Key Technical Level: The 25-day moving average at ₹831.91 serves as the nearest technical reference point.
Historical Returns: 3-month: +6.87% | 6-month: +34.44% | 1-year: +42.07%
Steelcast Share Price Target For 2025
The line chart displays the monthly closing prices of Steelcast 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 Steelcast shares in 2025, see the table below.
Steelcast Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 1127.37 (+28.7%) | Price Action: Chart |
| 2025 Target 2 | 1106.35 (+26.3%) | Price Action: Chart |
| 2025 Target 1 | 1095.4 (+25.05%) | Fibonacci Extension Level 150.00% |
| Current Price | 875.95 | Steelcast's share price as of 23 Dec 2024 |
| Stop Loss 1 | 822.4 (-6.12%) | Price Action: 07 Nov 2024 High |
| Stop Loss 2 | 811.54 (-7.36%) | Price Action: 12 Nov 2024 High |
| Stop Loss 3 | 803.0 (-8.33%) | Price Action: 29 Oct 2024 High |
Long-Term Technical Outlook
52-Week Range Analysis: Steelcast is currently trading near its 52-week high of ₹920, showing strong yearly momentum.
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: +42.07% | 3-year: +205.15% | 5-year: +582.16%
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Approach 2: Machine Learning By Studying Historical Prices
Steelcast Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹875.95 | ||
| 2024 | ₹760.03 | -13.23% | ₹771.43 |
| 2025 | ₹913.77 | +20.22% | ₹927.48 |
| 2026 | ₹970.35 | +6.19% | ₹984.91 |
| 2027 | ₹1,120.28 | +15.45% | ₹1,137.08 |
| 2028 | ₹1,194.76 | +6.64% | ₹1,212.68 |
| 2029 | ₹1,320.96 | +10.56% | ₹1,357.67 |
| 2030 | ₹1,501.43 | +13.66% | ₹1,523.95 |
| 2031 | ₹1,523.27 | +1.45% | ₹1,550.06 |
| 2032 | ₹1,693.32 | +11.16% | ₹1,718.72 |
| 2033 | ₹1,749.19 | +3.29% | ₹1,796.27 |
| 2034 | ₹1,881.89 | +7.58% | ₹1,942.47 |
| 2035 | ₹2,089.08 | +11% | ₹2,120.42 |
| 2036 | ₹2,076.20 | -0.61% | ₹2,123.11 |
| 2037 | ₹2,266.37 | +9.15% | ₹2,300.37 |
| 2038 | ₹2,303.62 | +1.64% | ₹2,382.91 |
| 2039 | ₹2,491.03 | +8.13% | ₹2,529.82 |
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.
Steelcast Brief Company Overview
Company Overview: Steelcast Limited Established in 1960 and headquartered in Bhavnagar, India, Steelcast Limited is a leading manufacturer and exporter of a diverse range of steel castings. Key Products and Services Carbon and alloy steel castings Manganese and...
abrasion-resistant castings Products for various industries including earthmoving equipment, mining, railways, and energy Diverse Product Range Steelcast offers a comprehensive portfolio of casting products tailored to the specific requirements of different industries, ensuring they meet international quality standards. Global Presence The company exports its products to a wide range of countries including the US, Germany, Thailand, and Poland, establishing a strong international presence. Commitment Steelcast is committed to providing high-quality products and services to its customers while adhering to ethical and sustainable practices in its operations.Steelcast Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 1,314.48 Crore | Market valuation of Steelcast's shares. |
| Revenue (TTM) | 431.74 Crore | Total revenue generated by Steelcast over the past twelve months. |
| Net Income (TTM) | +75.83 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +17.19% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +17.55% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+118.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+179.3% | Change in earnings compared to the same quarter last year. |
| Beta | 0.25 | Beta is less than 1 indicating that the Steelcast's price is less volatile than the market. |
Is Steelcast A Good Buy For Long Term?
Steelcast, with a market cap of 1,314.48 Crore and a 75.83 Crore net profit, has shown impressive growth over the past three and five years. However, recent returns have been negative. Considering its fundamentals, such as a 179.3% increase in earnings and a 118.3% increase in revenue, it could be a viable investment for investors seeking long-term value.
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.
