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Manaksia Steels Limited
Share Price Target & Analysis

NSE:MANAKSTEEL

60.20

VWAP

60.20

Open

57.35

Close

60.20

High

60.20

Low

107.00

52 Week High

60.20 ⇧
2.85 (4.97%)

MANAKSTEEL

(METALS)
35.6% Momentum

Turnaround Potential

34.30

52 Week Low

4.63

EPS

22.51

PE

1.4

PB

Standard
Quality

Bronze
Valuation

#Analysis

NSE: MANAKSTEEL Share Price Financial Analysis & Valuation

Manaksia Steels Limited (MANAKSTEEL) is broadly categorized in METALS segment industry which deals in Steel - Large vertical. It is one of Micro Cap company with Market Capitalization of Rs 296.9 (in Cr). Total number of free float shares are 6.6 (in Lacs). Manaksia Steels Limited is listed on NSE with Exchange ID - INE824Q01011 and trading code is NSE:MANAKSTEEL with short name Manaksia Steels.

In the past 1 year, Manaksia Steels Limited has declared an equity dividend of Rs 0 per share. At the current share price of MANAKSTEEL at Rs 60.20, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:MANAKSTEEL, it is clearly understood that MANAKSTEEL is Standard performer in terms of earnings and profit margins with an EPS of 4.63. NSE:MANAKSTEEL book value per share as of today is 43.01. The current price to book ratio for MANAKSTEEL as of May 16, 2024 is 1.4.

Valuation of the Stock: The current valuation of MANAKSTEEL stock is like Bronze which means currently the stock is Reasonably Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of MANAKSTEEL whether to BUY this stock at current valuation. The delivery percentage of MANAKSTEEL is 62.43% is very crucial parameter which shows that 62.43% investors are anticipating that the price of MANAKSTEEL share should go up with VWAP at 60.20.

Now, the main question is whether to BUY or SELL, NSE:MANAKSTEEL at current valuation.
As per latest Analysis No. #1318:-

⇑ STRONG BUY MANAKSTEEL if All Greens

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

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

⇘ SELL MANAKSTEEL if NO Green Indicator

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

(Manaksia Steels Limited Daily Analysis on the basis of MANAKSTEEL Intraday Graph & Trend)

Manaksia Steels Limited share price moved Up by 4.97% from its previous close of Rs 57.35. MANAKSTEEL stock last traded price is 60.20. MANAKSTEEL share price trend is Up with a total of 21940 stocks traded till now. It has touched an intraday high of Rs 60.20 and an intraday low of Rs 60.20. The MANAKSTEEL trading at 60.20, Up by Rs. 2.85, or 4.97 percent which suggests that most of the Traders are anticipating that the price of MANAKSTEEL share should go Up.

NSE: MANAKSTEEL Share Price Tomorrow Prediction

(Manaksia Steels Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MANAKSTEEL)

Manaksia Steels Limited share price moved Up by 4.97%. MANAKSTEEL share price short term trend is Up. It suggests that MANAKSTEEL Share Price for Tomorrow remains the same with VWAP at 60.20 will be treated as stop loss for intraday traders. Manaksia Steels Limited Long term investors can follow the MANAKSTEEL long term trend as mentiond in future forecast table.

NSE Code

NSE: MANAKSTEEL

MANAKSTEEL Share Price Today

 60.20

MANAKSTEEL Share Price Target Prediction for 2024 ^

 36 - 75.2

MANAKSTEEL Share Price Target Prediction for 2025*^

 75.2 - 114.6

MANAKSTEEL Share Price Target Prediction for 2026*^

 114.6 - 122.6

MANAKSTEEL Share Price Target Prediction for 2027*^

 129

MANAKSTEEL Share Price Target Prediction for 2028*^

 132

MANAKSTEEL Share Price Target Prediction for 2030*^

 144
MANAKSTEEL Current Book Value 2023
42.8

*Manaksia Steels Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^MANAKSTEEL 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.

MANAKSTEEL Technical Analysis

Candlestick Pattern: @60.2

MANAKSTEEL Moving Averages

BUY (10) NEUTRAL (0) SELL (4)
MA Simple Action S1 Expo Action E2
MA_5 55.46 BUY 56.9 BUY
MA_12 56.48 BUY 56.74 BUY
MA_20 57.08 BUY 57.5 BUY
MA_32 59.45 BUY 59.26 BUY
MA_50 60.69 SELL 60.7 SELL
MA_100 67.3 SELL 61.18 SELL
MA_200 55.47 BUY 56.77 BUY

MANAKSTEEL Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 57.08 Uptrend
MACD 0.41 BUY
ADX 15.34 NO or Weak Trend
DMI (+/-) 48.13 / 36.01 Uptrend

MANAKSTEEL Momentum Oscillators

BUY (7) NEUTRAL (4) SELL (1)
Momentum Oscillators Value Action
RSI 54.5 Neutral
STOCHASTIC_K (Fast) 104.75 Overbought
STOCHASTIC_D (Slow) 86.99 Overbought
CCI 114.22 BUY
PSAR 52.11 BUY
TRUE RANGE 2.85 Neutral
ATR 1.82 Neutral
WILLIAMS R 0 Overbought
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 100 Overbought
MOMENTUM -2.95 SELL

MANAKSTEEL Last 1 Year Trend

Duration Value
1 Year 56.98%
3 Months -34.39%
1 Month -4.67%
1 Week 11.28%

MANAKSTEEL Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 67%
NEUTRAL / HOLD 17%
SELL 17%

Most popular Questions & Answers about MANAKSTEEL


Manaksia Steels Limited stock last traded price is 60.20. MANAKSTEEL share price moved Up by 4.97% from its previous close of Rs 57.35.

Manaksia Steels Limited share price trend is Up with a total of 21940 stocks traded till now. It has touched an intraday high of Rs 108.07 and an intraday low of Rs 60.20. The MANAKSTEEL trading at 60.20, Up by Rs. 2.85, or 4.97 percent which suggests that most of the Traders are anticipating that the price of MANAKSTEEL share should go Up and the Stop Loss will be around 60.20.

The market cap of Manaksia Steels Limited is ₹296.9 (in Cr) as of May 15, 2024.

The current price to earning ratio for Manaksia Steels Limited as of May 15, 2024 is 22.51.

The current price to book ratio for Manaksia Steels Limited as of May 15, 2024 is 1.4.

The highest price of Manaksia Steels Limited stock is ₹107.00 in the last 52-week.

The lowest price of Manaksia Steels Limited stock is ₹34.30 in the last 52-week.

Manaksia Steels Limited share trading at ₹60.20, Up by Rs. 2.85, or 4.97 percent which suggests that most of the traders are anticipating that the price of MANAKSTEEL share should go Up.

In 2023, Stock price target for Manaksia Steels Limited (MANAKSTEEL) are ₹36 on downside and ₹75.2 on upside. Manaksia Steels Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Manaksia Steels Limited (MANAKSTEEL) are ₹75.2 on downside and ₹114.6 on upside. Manaksia Steels Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Manaksia Steels Limited (MANAKSTEEL) are ₹114.6 on downside and ₹122.6 on upside. Manaksia Steels 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 Manaksia Steels Limited (MANAKSTEEL) will be around ₹132 Manaksia Steels Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MANAKSTEEL.

As per the fundamental analysis of Manaksia Steels Limited (MANAKSTEEL), it is of Standard quality in terms of earnings and profit margins with an EPS of 4.63. Manaksia Steels Limited book value per share as of today is 43.01. The current price to book ratio for MANAKSTEEL as of May 16, 2024 is 1.4.


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


Peer Comparison of NSE: MANAKSTEEL

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

Sector: Steel - Large

Company Price EPS BV
JSWSTEEL 870.95 40.37 260.08
SAIL 166.40 6.71 126.23
JSLHISAR 562.80 62.5 152.14
STEELXIND 13.45 0.09 2.63
MANAKSTEEL 60.20 4.63 43.01
VISASTEEL 20.45 0 -66.68
Updated at: 15 May 2024 15:55

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