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Nelcast Limited
Share Price Target & Analysis

NSE:NELCAST

147.10

VWAP

150.00

Open

152.85

Close

152.55

High

142.00

Low

194.30

52 Week High

143.15 ⇩
-9.70 (-6.35%)

NELCAST

(INDUSTRIAL MANUFACTURING)
53% Momentum

Turnaround Potential

85.50

52 Week Low

6.25

EPS

27.70

PE

2.38

PB

Economical
Quality

Silver
Valuation

#Analysis

NSE: NELCAST Share Price Financial Analysis & Valuation

Nelcast Limited (NELCAST) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Micro Cap company with Market Capitalization of Rs 722.5 (in Cr). Total number of free float shares are 8.7 (in Lacs). Nelcast Limited is listed on NSE with Exchange ID - INE189I01024 and trading code is NSE:NELCAST with short name Nelcast.

In the past 1 year, Nelcast Limited has declared an equity dividend of Rs 0.3 per share. At the current share price of NELCAST at Rs 143.15, this results in a dividend yield of 0.21 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:NELCAST, it is clearly understood that NELCAST is Economical performer in terms of earnings and profit margins with an EPS of 6.25. NSE:NELCAST book value per share as of today is 60.09. The current price to book ratio for NELCAST as of May 15, 2024 is 2.38.

Valuation of the Stock: The current valuation of NELCAST 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 NELCAST whether to BUY this stock at current valuation. The delivery percentage of NELCAST is 54.00% is very crucial parameter which shows that 54.00% investors are anticipating that the price of NELCAST share should go up with VWAP at 147.10.

Now, the main question is whether to BUY or SELL, NSE:NELCAST at current valuation.
As per latest Analysis No. #1537:-

⇑ STRONG BUY NELCAST if All Greens

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

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

⇘ SELL NELCAST if NO Green Indicator

NSE: NELCAST Share Price Today (May 15, 2024)

(Nelcast Limited Daily Analysis on the basis of NELCAST Intraday Graph & Trend)

Nelcast Limited share price moved Down by -6.35% from its previous close of Rs 152.85. NELCAST stock last traded price is 143.15. NELCAST share price trend is Down with a total of 541789 stocks traded till now. It has touched an intraday high of Rs 152.55 and an intraday low of Rs 142.00. The NELCAST trading at 143.15, Down by Rs. -9.70, or -6.35 percent which suggests that most of the Traders are anticipating that the price of NELCAST share should go Down.

NSE: NELCAST Share Price Tomorrow Prediction

(Nelcast Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of NELCAST)

Nelcast Limited share price moved Down by -6.35%. NELCAST share price short term trend is Down. It suggests that NELCAST Share Price for Tomorrow remains the same with VWAP at 147.10 will be treated as stop loss for intraday traders. Nelcast Limited Long term investors can follow the NELCAST long term trend as mentiond in future forecast table.

NSE Code

NSE: NELCAST

NELCAST Share Price Today

 143.15

NELCAST Share Price Target Prediction for 2024 ^

 134.7 - 195.3

NELCAST Share Price Target Prediction for 2025*^

 195.3 - 208

NELCAST Share Price Target Prediction for 2026*^

 208 - 222.6

NELCAST Share Price Target Prediction for 2027*^

 234

NELCAST Share Price Target Prediction for 2028*^

 240

NELCAST Share Price Target Prediction for 2030*^

 262
NELCAST Current Book Value 2023
59.8

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

NELCAST Technical Analysis

Candlestick Pattern: @150.45

NELCAST Moving Averages

BUY (10) NEUTRAL (0) SELL (4)
MA Simple Action S1 Expo Action E2
MA_5 152.53 SELL 151.92 SELL
MA_12 151.93 SELL 150.25 BUY
MA_20 147.75 BUY 148.5 BUY
MA_32 141.33 BUY 147.48 BUY
MA_50 146.03 BUY 148.29 BUY
MA_100 153.56 SELL 150.13 BUY
MA_200 148.72 BUY 143.49 BUY

NELCAST Trend Oscillators

BUY (2) NEUTRAL (1) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 147.75 Uptrend
MACD 0.51 BUY
ADX 17.47 NO or Weak Trend
DMI (+/-) 16.03 / 20.05 Downtrend

NELCAST Momentum Oscillators

BUY (3) NEUTRAL (7) SELL (2)
Momentum Oscillators Value Action
RSI 54.8 Neutral
STOCHASTIC_K (Fast) 29.03 Neutral
STOCHASTIC_D (Slow) 42.32 Neutral
CCI -8.13 Neutral
PSAR 157.66 SELL
TRUE RANGE 6.3 BUY
ATR 5.51 BUY
WILLIAMS R -40.72 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 28.68 Neutral
MOMENTUM 20.4 BUY

NELCAST Last 1 Year Trend

Duration Value
1 Year 60.82%
3 Months -6.09%
1 Month 15.69%
1 Week -1.25%

NELCAST Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 50%
NEUTRAL / HOLD 27%
SELL 23%

Most popular Questions & Answers about NELCAST


Nelcast Limited stock last traded price is 143.15. NELCAST share price moved Down by -6.35% from its previous close of Rs 152.85.

Nelcast Limited share price trend is Down with a total of 541789 stocks traded till now. It has touched an intraday high of Rs 196.243 and an intraday low of Rs 142.00. The NELCAST trading at 143.15, Down by Rs. -9.70, or -6.35 percent which suggests that most of the Traders are anticipating that the price of NELCAST share should go Down and the Stop Loss will be around 147.10.

The market cap of Nelcast Limited is ₹722.5 (in Cr) as of May 14, 2024.

The current price to earning ratio for Nelcast Limited as of May 14, 2024 is 27.70.

The current price to book ratio for Nelcast Limited as of May 14, 2024 is 2.38.

The highest price of Nelcast Limited stock is ₹194.30 in the last 52-week.

The lowest price of Nelcast Limited stock is ₹85.50 in the last 52-week.

Nelcast Limited share trading at ₹143.15, Down by Rs. -9.70, or -6.35 percent which suggests that most of the traders are anticipating that the price of NELCAST share should go Down.

In 2023, Stock price target for Nelcast Limited (NELCAST) are ₹134.7 on downside and ₹195.3 on upside. Nelcast Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Nelcast Limited (NELCAST) are ₹195.3 on downside and ₹208 on upside. Nelcast Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Nelcast Limited (NELCAST) are ₹208 on downside and ₹222.6 on upside. Nelcast 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 Nelcast Limited (NELCAST) will be around ₹240 Nelcast Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of NELCAST.

As per the fundamental analysis of Nelcast Limited (NELCAST), it is of Economical quality in terms of earnings and profit margins with an EPS of 6.25. Nelcast Limited book value per share as of today is 60.09. The current price to book ratio for NELCAST as of May 15, 2024 is 2.38.


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


Peer Comparison of NSE: NELCAST

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

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 658.65 37.47 106.33
BHARATFORG 1440.85 30.61 184.04
AIAENG 3774.50 103.11 580.26
RKFORGE 704.85 18.04 73.48
JAYNECOIND 48.80 2.16 23.31
ELECTCAST 177.00 10.01 68.71
MMFL 1143.65 55.93 285.3
ALICON 859.40 25.44 292
NELCAST 143.15 6.19 60.09
LGBFORGE 10.35 0 1.27
Updated at: 14 May 2024 15:58

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