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Wheels India Limited
Share Price Target & Analysis

NSE:WHEELS

574.12

VWAP

565.70

Open

568.85

Close

580.60

High

565.70

Low

855.00

52 Week High

577.85 ⇧
9.00 (1.58%)

WHEELS

(AUTOMOBILE)
34.4% Momentum

Turnaround Potential

432.30

52 Week Low

22.90

EPS

21.96

PE

1.98

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: WHEELS Share Price Financial Analysis & Valuation

Wheels India Limited (WHEELS) is broadly categorized in AUTOMOBILE segment industry which deals in Auto Ancillaries vertical. It is one of Small Cap company with Market Capitalization of Rs 1633.2 (in Cr). Total number of free float shares are 2.4 (in Lacs). Wheels India Limited is listed on NSE with Exchange ID - INE715A01015 and trading code is NSE:WHEELS with short name Wheels.

In the past 1 year, Wheels India Limited has declared an equity dividend of Rs 8.3 per share. At the current share price of WHEELS at Rs 577.85, this results in a dividend yield of 1.44 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:WHEELS, it is clearly understood that WHEELS is Economical performer in terms of earnings and profit margins with an EPS of 22.90. NSE:WHEELS book value per share as of today is 292.19. The current price to book ratio for WHEELS as of May 16, 2024 is 1.98.

Valuation of the Stock: The current valuation of WHEELS 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 WHEELS whether to BUY this stock at current valuation. The delivery percentage of WHEELS is 33.76% is very crucial parameter which shows that 33.76% investors are anticipating that the price of WHEELS share should go up with VWAP at 574.12.

Now, the main question is whether to BUY or SELL, NSE:WHEELS at current valuation.
As per latest Analysis No. #490:-

⇑ STRONG BUY WHEELS if All Greens

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

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

⇘ SELL WHEELS if NO Green Indicator

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

(Wheels India Limited Daily Analysis on the basis of WHEELS Intraday Graph & Trend)

Wheels India Limited share price moved Up by 1.58% from its previous close of Rs 568.85. WHEELS stock last traded price is 577.85. WHEELS share price trend is Up with a total of 28736 stocks traded till now. It has touched an intraday high of Rs 580.60 and an intraday low of Rs 565.70. The WHEELS trading at 577.85, Up by Rs. 9.00, or 1.58 percent which suggests that most of the Traders are anticipating that the price of WHEELS share should go Up.

NSE: WHEELS Share Price Tomorrow Prediction

(Wheels India Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of WHEELS)

Wheels India Limited share price moved Up by 1.58%. WHEELS share price short term trend is Up. It suggests that WHEELS Share Price for Tomorrow remains the same with VWAP at 574.12 will be treated as stop loss for intraday traders. Wheels India Limited Long term investors can follow the WHEELS long term trend as mentiond in future forecast table.

NSE Code

NSE: WHEELS

WHEELS Share Price Today

 577.85

WHEELS Share Price Target Prediction for 2024 ^

 453.2 - 683.9

WHEELS Share Price Target Prediction for 2025*^

 683.9 - 915.4

WHEELS Share Price Target Prediction for 2026*^

 915.4 - 979.5

WHEELS Share Price Target Prediction for 2027*^

 1028

WHEELS Share Price Target Prediction for 2028*^

 1058

WHEELS Share Price Target Prediction for 2030*^

 1153
WHEELS Current Book Value 2023
290.7

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

WHEELS Technical Analysis

Candlestick Pattern: @577.85

WHEELS Moving Averages

BUY (5) NEUTRAL (0) SELL (9)
MA Simple Action S1 Expo Action E2
MA_5 563.97 BUY 570.09 BUY
MA_12 576.05 BUY 574.14 BUY
MA_20 578.79 SELL 577.74 BUY
MA_32 585.23 SELL 584.62 SELL
MA_50 589.6 SELL 593.35 SELL
MA_100 620.52 SELL 613.79 SELL
MA_200 676.04 SELL 640.34 SELL

WHEELS Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 578.79 Downtrend
MACD -0.59 SELL
ADX 12.19 NO or Weak Trend
DMI (+/-) 20.45 / 21.2 Downtrend

WHEELS Momentum Oscillators

BUY (1) NEUTRAL (9) SELL (2)
Momentum Oscillators Value Action
RSI 48.36 Neutral
STOCHASTIC_K (Fast) 78.33 Neutral
STOCHASTIC_D (Slow) 52.4 Neutral
CCI -19.28 Neutral
PSAR 601.15 SELL
TRUE RANGE 14.9 Neutral
ATR 17.05 Neutral
WILLIAMS R -53.21 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 68.45 Neutral
MOMENTUM -9.7 SELL

WHEELS Last 1 Year Trend

Duration Value
1 Year 7.98%
3 Months -13.22%
1 Month -1.65%
1 Week -0.33%

WHEELS Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 20%
NEUTRAL / HOLD 33%
SELL 47%

Most popular Questions & Answers about WHEELS


Wheels India Limited stock last traded price is 577.85. WHEELS share price moved Up by 1.58% from its previous close of Rs 568.85.

Wheels India Limited share price trend is Up with a total of 28736 stocks traded till now. It has touched an intraday high of Rs 863.55 and an intraday low of Rs 565.70. The WHEELS trading at 577.85, Up by Rs. 9.00, or 1.58 percent which suggests that most of the Traders are anticipating that the price of WHEELS share should go Up and the Stop Loss will be around 574.12.

The market cap of Wheels India Limited is ₹1633.2 (in Cr) as of May 15, 2024.

The current price to earning ratio for Wheels India Limited as of May 15, 2024 is 21.96.

The current price to book ratio for Wheels India Limited as of May 15, 2024 is 1.98.

The highest price of Wheels India Limited stock is ₹855.00 in the last 52-week.

The lowest price of Wheels India Limited stock is ₹432.30 in the last 52-week.

Wheels India Limited share trading at ₹577.85, Up by Rs. 9.00, or 1.58 percent which suggests that most of the traders are anticipating that the price of WHEELS share should go Up.

In 2023, Stock price target for Wheels India Limited (WHEELS) are ₹453.2 on downside and ₹683.9 on upside. Wheels India Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Wheels India Limited (WHEELS) are ₹683.9 on downside and ₹915.4 on upside. Wheels India Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Wheels India Limited (WHEELS) are ₹915.4 on downside and ₹979.5 on upside. Wheels 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 Wheels India Limited (WHEELS) will be around ₹1058 Wheels India Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of WHEELS.

As per the fundamental analysis of Wheels India Limited (WHEELS), it is of Economical quality in terms of earnings and profit margins with an EPS of 22.90. Wheels India Limited book value per share as of today is 292.19. The current price to book ratio for WHEELS as of May 16, 2024 is 1.98.


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


Peer Comparison of NSE: WHEELS

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

Sector: Auto Ancillaries

Company Price EPS BV
MSUMI 68.65 1.32 3.01
TATAMTRDVR 637.30 155.4 67.3
BOSCHLTD 30935.40 788.31 3733.75
TIINDIA 3786.80 37.98 170.24
SHIGAN 114.00 0 30.04
EXIDEIND 463.10 12.39 154.56
AMARAJABAT 1123.15 44.23 289.53
SUNCLAYLTD 10498.10 167.42 518.62
JBMA 1832.25 5.14 88.36
SUPRAJIT 411.50 14.84 79.43
Updated at: 15 May 2024 15:50

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