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Dredging Corporation of India Limited
Share Price Target & Analysis

NSE:DREDGECORP

794.87

VWAP

788.40

Open

777.35

Close

806.90

High

786.50

Low

930.00

52 Week High

789.05 ⇧
11.70 (1.51%)

DREDGECORP

(Miscellaneous)
77.7% Momentum

Trending & Favourite

298.60

52 Week Low

16.06

EPS

133.57

PE

1.55

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: DREDGECORP Share Price Financial Analysis & Valuation

Dredging Corporation of India Limited (DREDGECORP) is broadly categorized in Miscellaneous segment industry which deals in Miscellaneous vertical. It is one of Micro Cap company with Market Capitalization of Rs 873.5 (in Cr). Total number of free float shares are 2.8 (in Lacs). Dredging Corporation of India Limited is listed on NSE with Exchange ID - INE506A01018 and trading code is NSE:DREDGECORP with short name Dredging Corp.

In the past 1 year, Dredging Corporation of India Limited has declared an equity dividend of Rs 0 per share. At the current share price of DREDGECORP at Rs 789.05, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:DREDGECORP, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine DREDGECORP underlying value and future prospects. All of this data is available in DREDGECORP financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:DREDGECORP, it is clearly understood that DREDGECORP is Economical performer in terms of earnings and profit margins with an EPS of 16.06. NSE:DREDGECORP book value per share as of today is 508.06. The current price to book ratio for DREDGECORP as of May 16, 2024 is 1.55.

Valuation of the Stock: The current valuation of DREDGECORP stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of DREDGECORP whether to BUY this stock at current valuation. The delivery percentage of DREDGECORP is 45.55% is very crucial parameter which shows that 45.55% investors are anticipating that the price of DREDGECORP share should go up with VWAP at 794.87.

Now, the main question is whether to BUY or SELL, NSE:DREDGECORP at current valuation.
As per latest Analysis No. #834:-

⇑ STRONG BUY DREDGECORP if All Greens

⇗ BUY DREDGECORP (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD DREDGECORP (With Stop Loss) if only 1 Green

⇘ SELL DREDGECORP if NO Green Indicator

NSE: DREDGECORP Share Price Today (May 16, 2024)

(Dredging Corporation of India Limited Daily Analysis on the basis of DREDGECORP Intraday Graph & Trend)

Dredging Corporation of India Limited share price moved Up by 1.51% from its previous close of Rs 777.35. DREDGECORP stock last traded price is 789.05. DREDGECORP share price trend is Up with a total of 50731 stocks traded till now. It has touched an intraday high of Rs 806.90 and an intraday low of Rs 786.50. The DREDGECORP trading at 789.05, Up by Rs. 11.70, or 1.51 percent which suggests that most of the Traders are anticipating that the price of DREDGECORP share should go Up.

NSE: DREDGECORP Share Price Tomorrow Prediction

(Dredging Corporation of India Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of DREDGECORP)

Dredging Corporation of India Limited share price moved Up by 1.51%. DREDGECORP share price short term trend is Up. It suggests that DREDGECORP Share Price for Tomorrow remains the same with VWAP at 794.87 will be treated as stop loss for intraday traders. Dredging Corporation of India Limited Long term investors can follow the DREDGECORP long term trend as mentiond in future forecast table.

NSE Code

NSE: DREDGECORP

DREDGECORP Share Price Today

 789.05

DREDGECORP Share Price Target Prediction for 2024 ^

 592.1 - 934.6

DREDGECORP Share Price Target Prediction for 2025*^

 934.6 - 995.7

DREDGECORP Share Price Target Prediction for 2026*^

 995.7 - 1065.4

DREDGECORP Share Price Target Prediction for 2027*^

 1119

DREDGECORP Share Price Target Prediction for 2028*^

 1151

DREDGECORP Share Price Target Prediction for 2030*^

 1254
DREDGECORP Current Book Value 2023
505.5

*Dredging Corporation of India Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^DREDGECORP share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

DREDGECORP Technical Analysis

Candlestick Pattern: @789.05

DREDGECORP Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 758.14 BUY 770.27 BUY
MA_12 775.57 BUY 772.66 BUY
MA_20 792.73 SELL 772.08 BUY
MA_32 764.97 BUY 764.03 BUY
MA_50 736.65 BUY 752.8 BUY
MA_100 744.68 BUY 719.36 BUY
MA_200 602.86 BUY 624.63 BUY

DREDGECORP Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 792.73 Downtrend
MACD -5.38 SELL
ADX 20.14 NO or Weak Trend
DMI (+/-) 21.1 / 19.34 Uptrend

DREDGECORP Momentum Oscillators

BUY (5) NEUTRAL (7) SELL (0)
Momentum Oscillators Value Action
RSI 54.65 Neutral
STOCHASTIC_K (Fast) 84.72 Overbought
STOCHASTIC_D (Slow) 71.67 Neutral
CCI 28.13 Neutral
PSAR 718.9 BUY
TRUE RANGE 29.55 Neutral
ATR 36.89 Neutral
WILLIAMS R -51.17 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 91.46 Overbought
MOMENTUM 19.8 BUY

DREDGECORP Last 1 Year Trend

Duration Value
1 Year 139.03%
3 Months -1.91%
1 Month 2.57%
1 Week 2.87%

DREDGECORP Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 27%
SELL 10%

Most popular Questions & Answers about DREDGECORP


Dredging Corporation of India Limited stock last traded price is 789.05. DREDGECORP share price moved Up by 1.51% from its previous close of Rs 777.35.

Dredging Corporation of India Limited share price trend is Up with a total of 50731 stocks traded till now. It has touched an intraday high of Rs 939.3 and an intraday low of Rs 786.50. The DREDGECORP trading at 789.05, Up by Rs. 11.70, or 1.51 percent which suggests that most of the Traders are anticipating that the price of DREDGECORP share should go Up and the Stop Loss will be around 794.87.

The market cap of Dredging Corporation of India Limited is ₹873.5 (in Cr) as of May 15, 2024.

The current price to earning ratio for Dredging Corporation of India Limited as of May 15, 2024 is 133.57.

The current price to book ratio for Dredging Corporation of India Limited as of May 15, 2024 is 1.55.

The highest price of Dredging Corporation of India Limited stock is ₹930.00 in the last 52-week.

The lowest price of Dredging Corporation of India Limited stock is ₹298.60 in the last 52-week.

Dredging Corporation of India Limited share trading at ₹789.05, Up by Rs. 11.70, or 1.51 percent which suggests that most of the traders are anticipating that the price of DREDGECORP share should go Up.

In 2023, Stock price target for Dredging Corporation of India Limited (DREDGECORP) are ₹592.1 on downside and ₹934.6 on upside. Dredging Corporation of India Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Dredging Corporation of India Limited (DREDGECORP) are ₹934.6 on downside and ₹995.7 on upside. Dredging Corporation of India Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Dredging Corporation of India Limited (DREDGECORP) are ₹995.7 on downside and ₹1065.4 on upside. Dredging Corporation of India Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Dredging Corporation of India Limited (DREDGECORP) will be around ₹1151 Dredging Corporation of India Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of DREDGECORP.

As per the fundamental analysis of Dredging Corporation of India Limited (DREDGECORP), it is of Economical quality in terms of earnings and profit margins with an EPS of 16.06. Dredging Corporation of India Limited book value per share as of today is 508.06. The current price to book ratio for DREDGECORP as of May 16, 2024 is 1.55.


NSE:DREDGECORP News & Other Useful Information about DREDGECORP Share Price


Peer Comparison of NSE: DREDGECORP

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Miscellaneous

Company Price EPS BV
GATEWAY 106.60 5.2 34.87
TITAN 3268.55 39.91 162.84
STYLAMIND 1629.40 69.4 243.33
NYKAA 169.75 0.16 5.78
IRCTC 1027.35 13.82 30.98
NAUKRI 5941.60 61.91 832.05
INTLCONV 87.70 10.03 36.24
MALLCOM 1004.30 53.91 308.66
JUBLFOOD 468.00 3.88 32.51
NRL 73.30 1.57 11.18
Updated at: 15 May 2024 15:49

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