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Steel Exchange Share Price Target 2024, 2025, 2026 to 2039 With Charts
Steel Exchange India Limited | |||
 | Symbol: STEELXIND | ||
| Price: ₹10.17 | |||
| Exchange: NSE | |||
| Basic Materials -> Steel | |||
Show Table of Contents
Table of Contents
- 1: Steel Exchange Brief Company Overview
- 1.1: Steel Exchange India Limited: An Overview
- 1.2: Steel Exchange Financial Performance
- 1.2.1: Is Steel Exchange A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: Steel Exchange Share Price Target For 2024
- 2.1.1: Steel Exchange Share Price Target Table For 2024
- 2.1.2: Summary: Steel Exchange Share Price Prediction For 2024
- 2.2: Steel Exchange Share Price Target For 2025
- 2.2.1: Steel Exchange Share Price Target Table For 2025
- 2.2.2: Summary: Steel Exchange Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: Steel Exchange Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: Steel Exchange Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: Steel Exchange Past Performance
Steel Exchange Brief Company Overview
Steel Exchange India Limited: An Overview
Established in 1999 and headquartered in Visakhapatnam, India, Steel Exchange India Limited is a leading manufacturer and seller of steel products, catering to the Indian market.
The company's diverse product range includes steel ingots, TMT bars, sponge iron products, and steel billets. Additionally, it engages in the trading of various products related to the steel industry.
Steel Exchange India Limited boasts a strong reputation in the industry, providing high-quality steel products and services to its customers. The company's commitment to innovation and customer satisfaction has contributed to its success and continued growth.
Steel Exchange Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 1,613.2 Crore | Market valuation of Steel Exchange's shares. |
| Revenue (TTM) | 1,089.17 Crore | Total revenue generated by Steel Exchange over the past twelve months. |
| Net Income (TTM) | +10.88 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 9.13% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 0.99% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -23.7% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -23.71% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 66.43 | Company's total debt divided by total shareholder equity. |
| Total Debt | 439.48 Crore | Sum of Steel Exchange's current & long-term financial obligations. |
| Total Cash | 20.07 Crore | Total amount of liquid funds available to Steel Exchange. |
| Beta | 1.27 | Beta is greater than 1 indicating that the Steel Exchange's price is more volatile than the market. |
Is Steel Exchange A Good Buy For Long Term?
Based on the given data, Steel Exchange's recent financial performance shows a mixed picture. Revenue declined by 23.7% compared to the previous quarter and earnings dropped by 23.71% year-over-year. While the company has a moderate profit margin of 0.99%, it carries a significant debt of 439.48 Crore. With a small market capitalization and negative returns in recent quarters, Steel Exchange may not be a suitable long-term investment at this time.
To predict the Steel Exchange'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 Exchange Share Price Target For 2024
The line chart displays the monthly closing prices of Steel Exchange 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 Exchange shares in 2024, see the table below.
Steel Exchange Share Price Target Table For 2024
| Steel Exchange's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 10.57 (+3.93%) | Price Action: 28 Oct 2024 Low |
| 2024 Target 2 | 10.43 (+2.55%) | Price Action: Dec 2012 High |
| 2024 Target 1 | 10.32 (+1.47%) | Price Action: 14 Nov 2024 High |
| Current Price | 10.17 | Steel Exchange's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 10.24 (+0.68%) | Price Action: Chart |
| Stop Loss 2 | 10.09 (-0.79%) | Fibonacci Retracement Extended 28.2% |
| Stop Loss 3 | 9.95 (-2.17%) | Price Action: Oct 2023 High |
Summary: Steel Exchange Share Price Prediction For 2024
In summary, Steel Exchange has declined by ₹-0.28, recording a notable -2.68% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of Steel Exchange for 2024 predicts an additional rise of 1.47% to 3.93% by the end of 2024 with three potential targets T1: 10.32, T2: 10.43, T3: 10.57. Stop Loss at SL1: 10.24, SL2: 10.09, SL3: 9.95.
Steel Exchange has a 52-week high of ₹18.39, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹9.60, 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 Steel Exchange.
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Steel Exchange Share Price Target For 2025
The line chart displays the monthly closing prices of Steel Exchange 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 Exchange shares in 2025, see the table below.
Steel Exchange Share Price Target Table For 2025
| Steel Exchange's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 17.37 (+70.79%) | Price Action: Chart |
| 2025 Target 2 | 17.05 (+67.64%) | Price Action: Chart |
| 2025 Target 1 | 16.88 (+65.97%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 10.17 | Steel Exchange's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 8.65 (-14.95%) | Price Action: Chart |
| Stop Loss 2 | 8.56 (-15.84%) | Price Action: Chart |
| Stop Loss 3 | 8.41 (-17.31%) | Price Action: Chart |
Summary: Steel Exchange Share Price Prediction For 2025
In summary, Steel Exchange has declined by ₹-0.28, recording a notable -2.68% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of Steel Exchange for 2025 predicts an additional rise of 65.97% to 70.79% by the end of 2025 with three potential targets T1: 16.88, T2: 17.05, T3: 17.37. Stop Loss at SL1: 8.65, SL2: 8.56, SL3: 8.41.
Steel Exchange has a All-Time high of ₹262.60, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹9.60, 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 Steel Exchange, we have created a specific page for that check here: Steel Exchange Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
Steel Exchange Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of Steel Exchange share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 1.2% over the next 15 years.
For complete year by year Steel Exchange long term share price target from 2024, 2025 to 2039 check the below table.
Steel Exchange Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | Steel Exchange Target | YoY Change % |
|---|---|---|
| 2024 | ₹10.17 | [Current Price] |
| 2024 | ₹11.02 | 8.35% |
| 2025 | ₹9.16 | -16.88% |
| 2026 | ₹8.71 | -4.92% |
| 2027 | ₹7.67 | -11.95% |
| 2028 | ₹7.38 | -3.79% |
| 2029 | ₹7.7 | 4.33% |
| 2030 | ₹9.33 | 21.16% |
| 2031 | ₹9.36 | 0.42% |
| 2032 | ₹8.67 | -7.48% |
| 2033 | ₹7.72 | -10.96% |
| 2034 | ₹12.82 | 66.06% |
| 2035 | ₹12.78 | -0.32% |
| 2036 | ₹14.59 | 14.16% |
| 2037 | ₹14.95 | 2.46% |
| 2038 | ₹13.11 | -12.31% |
| 2039 | ₹13.02 | -0.69% |
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Steel Exchange Past Performance
- In 2005, Steel Exchange opening price was ₹2.9
- As of Thu 21 Nov 2024 the price stands at ₹10.17.
- This represents a Compound Annual Growth Rate (CAGR) of 6.47%.
- In 19 years, an investment of 10,000 would have become ₹35,068.96.
As we wrap up, we hope you like our study on Steel Exchange 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.
