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Electrosteel Castings Limited
Share Price Target & Analysis

NSE:ELECTCAST

193.80

VWAP

194.20

Open

193.1

Close

196.00

High

190.60

Low

208.00

52 Week High

191.85 ⇩
-1.25 (-0.65%)

ELECTCAST

(INDUSTRIAL MANUFACTURING)
90.6% Momentum

Trending & Favourite

36.25

52 Week Low

10.01

EPS

34.93

PE

2.79

PB

Standard
Quality

Silver
Valuation

#Analysis

NSE: ELECTCAST Share Price Financial Analysis & Valuation

Electrosteel Castings Limited (ELECTCAST) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Mid Cap company with Market Capitalization of Rs 2378.4 (in Cr). Total number of free float shares are 40.5 (in Lacs). Electrosteel Castings Limited is listed on NSE with Exchange ID - INE086A01029 and trading code is NSE:ELECTCAST with short name Electrosteel.

In the past 1 year, Electrosteel Castings Limited has declared an equity dividend of Rs 0.8 per share. At the current share price of ELECTCAST at Rs 191.85, this results in a dividend yield of 0.42 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:ELECTCAST, it is clearly understood that ELECTCAST is Standard performer in terms of earnings and profit margins with an EPS of 10.01. NSE:ELECTCAST book value per share as of today is 68.71. The current price to book ratio for ELECTCAST as of Apr 29, 2024 is 2.79.

Valuation of the Stock: The current valuation of ELECTCAST stock is like Silver which means currently the stock is at Premium. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ELECTCAST whether to BUY this stock at current valuation. The delivery percentage of ELECTCAST is 43.31% is very crucial parameter which shows that 43.31% investors are anticipating that the price of ELECTCAST share should go up with VWAP at 193.80.

Now, the main question is whether to BUY or SELL, NSE:ELECTCAST at current valuation.
As per latest Analysis No. #6157:-

⇑ STRONG BUY ELECTCAST if All Greens

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

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

⇘ SELL ELECTCAST if NO Green Indicator

NSE: ELECTCAST Share Price Today (Apr 29, 2024)

(Electrosteel Castings Limited Daily Analysis on the basis of ELECTCAST Intraday Graph & Trend)

Electrosteel Castings Limited share price moved Down by -0.65% from its previous close of Rs 193.1. ELECTCAST stock last traded price is 191.85. ELECTCAST share price trend is Down with a total of 1237367 stocks traded till now. It has touched an intraday high of Rs 196.00 and an intraday low of Rs 190.60. The ELECTCAST trading at 191.85, Down by Rs. -1.25, or -0.65 percent which suggests that most of the Traders are anticipating that the price of ELECTCAST share should go Down.

NSE: ELECTCAST Share Price Tomorrow Prediction

(Electrosteel Castings Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ELECTCAST)

Electrosteel Castings Limited share price moved Down by -0.65%. ELECTCAST share price short term trend is Down. It suggests that ELECTCAST Share Price for Tomorrow remains the same with VWAP at 193.80 will be treated as stop loss for intraday traders. Electrosteel Castings Limited Long term investors can follow the ELECTCAST long term trend as mentiond in future forecast table.

NSE Code

NSE: ELECTCAST

ELECTCAST Share Price Today

 191.85

ELECTCAST Share Price Target Prediction for 2024 ^

 117.9 - 209

ELECTCAST Share Price Target Prediction for 2025*^

 209 - 222.7

ELECTCAST Share Price Target Prediction for 2026*^

 222.7 - 238.3

ELECTCAST Share Price Target Prediction for 2027*^

 250

ELECTCAST Share Price Target Prediction for 2028*^

 257

ELECTCAST Share Price Target Prediction for 2030*^

 281
ELECTCAST Current Book Value 2023
68.4

*Electrosteel Castings Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^ELECTCAST 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.

ELECTCAST Technical Analysis

Candlestick Pattern: @193.7

ELECTCAST Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 190.86 BUY 190.81 BUY
MA_12 185.3 BUY 184.09 BUY
MA_20 174.03 BUY 179.57 BUY
MA_32 169.7 BUY 173.69 BUY
MA_50 172.96 BUY 167.75 BUY
MA_100 152.32 BUY 152.95 BUY
MA_200 109.06 BUY 120.52 BUY

ELECTCAST Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 174.03 Uptrend
MACD 1.92 BUY
ADX 23.64 NO or Weak Trend
DMI (+/-) 19.27 / 27.67 Downtrend

ELECTCAST Momentum Oscillators

BUY (3) NEUTRAL (8) SELL (1)
Momentum Oscillators Value Action
RSI 67.96 Neutral
STOCHASTIC_K (Fast) 80.43 Overbought
STOCHASTIC_D (Slow) 62.97 Neutral
CCI 9.1 Neutral
PSAR 196.1 SELL
TRUE RANGE 31.9 Neutral
ATR 10.66 Neutral
WILLIAMS R -6.1 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 79.99 Neutral
STOCHASTIC RSI D 30.87 Neutral
MOMENTUM 38.5 BUY

ELECTCAST Last 1 Year Trend

Duration Value
1 Year 459.83%
3 Months 54.04%
1 Month 24.81%
1 Week 1.41%

ELECTCAST Technical Analysis Summary

Updated on 2024-04-15
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 30%
SELL 7%

Most popular Questions & Answers about ELECTCAST


Electrosteel Castings Limited stock last traded price is 191.85. ELECTCAST share price moved Down by -0.65% from its previous close of Rs 193.1.

Electrosteel Castings Limited share price trend is Down with a total of 1237367 stocks traded till now. It has touched an intraday high of Rs 210.08 and an intraday low of Rs 190.60. The ELECTCAST trading at 191.85, Down by Rs. -1.25, or -0.65 percent which suggests that most of the Traders are anticipating that the price of ELECTCAST share should go Down and the Stop Loss will be around 193.80.

The market cap of Electrosteel Castings Limited is ₹2378.4 (in Cr) as of Apr 28, 2024.

The current price to earning ratio for Electrosteel Castings Limited as of Apr 28, 2024 is 34.93.

The current price to book ratio for Electrosteel Castings Limited as of Apr 28, 2024 is 2.79.

The highest price of Electrosteel Castings Limited stock is ₹208.00 in the last 52-week.

The lowest price of Electrosteel Castings Limited stock is ₹36.25 in the last 52-week.

Electrosteel Castings Limited share trading at ₹191.85, Down by Rs. -1.25, or -0.65 percent which suggests that most of the traders are anticipating that the price of ELECTCAST share should go Down.

In 2023, Stock price target for Electrosteel Castings Limited (ELECTCAST) are ₹117.9 on downside and ₹209 on upside. Electrosteel Castings Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Electrosteel Castings Limited (ELECTCAST) are ₹209 on downside and ₹222.7 on upside. Electrosteel Castings Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Electrosteel Castings Limited (ELECTCAST) are ₹222.7 on downside and ₹238.3 on upside. Electrosteel Castings 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 Electrosteel Castings Limited (ELECTCAST) will be around ₹257 Electrosteel Castings Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ELECTCAST.

As per the fundamental analysis of Electrosteel Castings Limited (ELECTCAST), it is of Standard quality in terms of earnings and profit margins with an EPS of 10.01. Electrosteel Castings Limited book value per share as of today is 68.71. The current price to book ratio for ELECTCAST as of Apr 29, 2024 is 2.79.


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


Peer Comparison of NSE: ELECTCAST

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

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 667.70 37.47 106.33
BHARATFORG 1285.65 27.49 165.38
AIAENG 3782.90 103.11 580.26
RKFORGE 764.50 16.9 73.48
JAYNECOIND 57.00 2.2 21.13
ELECTCAST 191.85 10.01 68.71
MMFL 1170.90 55.93 285.3
ALICON 954.75 25.44 292
NELCAST 150.45 6.19 53.84
LGBFORGE 10.35 0 1.27
Updated at: 29 Apr 2024 15:49

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