TECHNOE (Mid Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Techno Electric & Engineering Company Limited |
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Price: ₹1,625.15 | ||
| 52 Week Low: ₹607.20 52 Week High: ₹1,822.00 |
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| Market Capital: 12,670.52 Crore (Midcap) | |||
| Industrials -> Engineering & Construction | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: TECHNOE Share Price Target For 2024
- 1.1.1: TECHNOE Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: TECHNOE Share Price Target For 2025
- 1.2.1: TECHNOE Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: TECHNOE Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: TECHNOE Brief Company Overview
- 4: TECHNOE Financial Performance
- 4.0.1: Is TECHNOE A Good Buy For Long Term?
To predict the TECHNOE'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
TECHNOE Share Price Target For 2024
The line chart displays the monthly closing prices of TECHNOE 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 TECHNOE shares in 2024, see the table below.
TECHNOE Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 1751.4 (+7.76%) | Fibonacci Extension Level 50.00% |
| 2024 Target 2 | 1712.19 (+5.35%) | Fibonacci Extension Level 123.60% |
| 2024 Target 1 | 1680.75 (+3.42%) | Price Action: 08 Nov 2024 High |
| Current Price | 1625.15 | TECHNOE's share price as of 20 Dec 2024 |
| Stop Loss 1 | 1605.84 (-1.19%) | Price Action: 08 Nov 2024 Low |
| Stop Loss 2 | 1587.01 (-2.35%) | Technical Indicator: MA100 |
| Stop Loss 3 | 1564.5 (-3.74%) | Price Action: 01 Nov 2024 Low |
Short-Term Technical Outlook
Current Technical Position: TECHNOE is showing bullish momentum with price above both 25-day and 50-day moving averages.
Key Technical Level: The 50-day moving average at ₹1548.75 serves as the nearest technical reference point.
Historical Returns: 3-month: +1.99% | 6-month: +5.08% | 1-year: +104.07%
TECHNOE Share Price Target For 2025
The line chart displays the monthly closing prices of TECHNOE 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 TECHNOE shares in 2025, see the table below.
TECHNOE Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 2485.78 (+52.95%) | Price Action: Chart |
| 2025 Target 2 | 2439.43 (+50.10%) | Price Action: Chart |
| 2025 Target 1 | 2415.28 (+48.61%) | Fibonacci Extension Level 64.90% |
| Current Price | 1625.15 | TECHNOE's share price as of 20 Dec 2024 |
| Stop Loss 1 | 1444.5 (-11.12%) | Price Action: 03 Dec 2024 Low |
| Stop Loss 2 | 1424.84 (-12.33%) | Price Action: Oct 2024 Low |
| Stop Loss 3 | 1407.9 (-13.37%) | Price Action: 12 Dec 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: TECHNOE is currently trading near its 52-week high of ₹1822, 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: +104.07% | 3-year: +591.26% | 5-year: +521.66%
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Approach 2: Machine Learning By Studying Historical Prices
TECHNOE Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹1,625.15 | ||
| 2024 | ₹1,618.38 | -0.42% | ₹1,694.00 |
| 2025 | ₹2,233.90 | +38.03% | ₹2,267.41 |
| 2026 | ₹2,470.94 | +10.61% | ₹2,508.00 |
| 2027 | ₹2,658.82 | +7.60% | ₹2,853.84 |
| 2028 | ₹2,928.97 | +10.16% | ₹3,423.40 |
| 2029 | ₹3,677.38 | +25.55% | ₹3,992.95 |
| 2030 | ₹4,499.51 | +22.36% | ₹4,567.00 |
| 2031 | ₹4,554.36 | +1.22% | ₹4,622.68 |
| 2032 | ₹4,577.16 | +0.50% | ₹5,132.05 |
| 2033 | ₹4,775.74 | +4.34% | ₹5,701.61 |
| 2034 | ₹5,736.38 | +20.11% | ₹6,271.16 |
| 2035 | ₹6,765.12 | +17.93% | ₹6,866.60 |
| 2036 | ₹6,637.79 | -1.88% | ₹6,840.71 |
| 2037 | ₹6,495.49 | -2.14% | ₹7,410.26 |
| 2038 | ₹6,622.50 | +1.96% | ₹7,979.82 |
| 2039 | ₹8,299.70 | +25.33% | ₹8,549.37 |
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.
TECHNOE Brief Company Overview
Techno Electric & Engineering Company Limited: A Leading Player in Power Sector Founded in 1963 and headquartered in Kolkata, India, Techno Electric & Engineering Company Limited (TEECL) has been a prominent player in India's power sector for nearly six decades. ...
Turnkey EPC Services: TEECL provides comprehensive EPC solutions for power generation, transmission, and distribution sectors. Diverse Product Range: The company offers a wide array of products, including captive power plants, substations, overhead lines, and advanced smart metering solutions. Industrial Expertise: TEECL undertakes industrial projects such as electrical systems, fire protection, and air conditioning systems. Renewable Energy Focus: The company is committed to sustainable energy sources, with operations in wind power generation in Karnataka and Tamil Nadu. TEECL's reputation for excellence and reliability has earned it a strong market presence. The company's commitment to innovation and customer satisfaction continues to drive its growth and success.TECHNOE Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 12,670.52 Crore | Market valuation of TECHNOE's shares. |
| Revenue (TTM) | 1,375.73 Crore | Total revenue generated by TECHNOE over the past twelve months. |
| Net Income (TTM) | +1,996,521,984.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +16.64% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +18.29% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+76.30% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+192.50% | Change in earnings compared to the same quarter last year. |
| Total Cash | 1,444.76 Crore | Total amount of liquid funds available to TECHNOE. |
| Beta | 0.65 | Beta is less than 1 indicating that the TECHNOE's price is less volatile than the market. |
Is TECHNOE A Good Buy For Long Term?
TECHNOE has experienced remarkable revenue growth (76.3%) and earnings growth (192.5%) in the last quarter, with consistent returns over the last 3 to 5 years. Its healthy profit margin (18.29%) and strong cash balance indicate financial stability. Based on this, TECHNOE appears to be a promising 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.
