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Bright Solar Limited
Share Price Target & Analysis

NSE:BRIGHT

8.93

VWAP

8.90

Open

8.6

Close

9.00

High

8.90

Low

12.50

52 Week High

9.00 ⇧
0.35 (4.05%)

BRIGHT

(Miscellaneous)
55.4% Momentum

Turnaround Potential

4.65

52 Week Low

N/A

EPS

56.95

PE

0.64

PB

Uncertain
Quality

Unclear
Valuation

#Analysis

NSE: BRIGHT Share Price Financial Analysis & Valuation

Bright Solar Limited (BRIGHT) is broadly categorized in Miscellaneous segment industry which deals in Compressors / Pumps vertical. It is one of Penny Stocks company with Market Capitalization of Rs 0 (in Cr). Total number of free float shares are 0 (in Lacs). Bright Solar Limited is listed on NSE with Exchange ID - INE684Z01010 and trading code is NSE:BRIGHT with short name Bright Solar.

In the past 1 year, Bright Solar Limited has declared an equity dividend of Rs 0 per share. At the current share price of BRIGHT at Rs 9.00, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:BRIGHT, it is clearly understood that BRIGHT is Uncertain performer in terms of earnings and profit margins with an EPS of 0.0. NSE:BRIGHT book value per share as of today is 14.16. The current price to book ratio for BRIGHT as of May 18, 2024 is 0.64.

Valuation of the Stock: The current valuation of BRIGHT stock is like Unclear which means currently the stock is Confusing. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of BRIGHT whether to BUY this stock at current valuation. The delivery percentage of BRIGHT is 87.50% is very crucial parameter which shows that 87.50% investors are anticipating that the price of BRIGHT share should go up with VWAP at 8.93.

Now, the main question is whether to BUY or SELL, NSE:BRIGHT at current valuation.
As per latest Analysis No. #468:-

⇑ STRONG BUY BRIGHT if All Greens

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

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

⇘ SELL BRIGHT if NO Green Indicator

NSE: BRIGHT Share Price Today (May 18, 2024)

(Bright Solar Limited Daily Analysis on the basis of BRIGHT Intraday Graph & Trend)

Bright Solar Limited share price moved Up by 4.05% from its previous close of Rs 8.6. BRIGHT stock last traded price is 9.00. BRIGHT share price trend is Up with a total of 15000 stocks traded till now. It has touched an intraday high of Rs 9.00 and an intraday low of Rs 8.90. The BRIGHT trading at 9.00, Up by Rs. 0.35, or 4.05 percent which suggests that most of the Traders are anticipating that the price of BRIGHT share should go Up.

NSE: BRIGHT Share Price Tomorrow Prediction

(Bright Solar Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of BRIGHT)

Bright Solar Limited share price moved Up by 4.05%. BRIGHT share price short term trend is Up. It suggests that BRIGHT Share Price for Tomorrow remains the same with VWAP at 8.93 will be treated as stop loss for intraday traders. Bright Solar Limited Long term investors can follow the BRIGHT long term trend as mentiond in future forecast table.

NSE Code

NSE: BRIGHT

BRIGHT Share Price Today

 9.00

BRIGHT Share Price Target Prediction for 2024 ^

 8.3 - 12.6

BRIGHT Share Price Target Prediction for 2025*^

 12.6 - 13.1

BRIGHT Share Price Target Prediction for 2026*^

 13.1 - 13.8

BRIGHT Share Price Target Prediction for 2027*^

 14

BRIGHT Share Price Target Prediction for 2028*^

 15

BRIGHT Share Price Target Prediction for 2030*^

 16
BRIGHT Current Book Value 2023
14.1

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

BRIGHT Technical Analysis

Candlestick Pattern: @8.2

BRIGHT Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 8.22 SELL 8.23 SELL
MA_12 8.63 SELL 8.52 SELL
MA_20 8.75 SELL 8.66 SELL
MA_32 8.86 SELL 8.82 SELL
MA_50 9.11 SELL 8.83 SELL
MA_100 8.86 SELL 8.48 SELL
MA_200 6.79 BUY 7.45 BUY

BRIGHT Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 8.75 Downtrend
MACD -0.08 SELL
ADX 26.59 Strong Trend
DMI (+/-) 14.98 / 35.73 Downtrend

BRIGHT Momentum Oscillators

BUY (1) NEUTRAL (5) SELL (6)
Momentum Oscillators Value Action
RSI 37.96 Neutral
STOCHASTIC_K (Fast) 29.82 Neutral
STOCHASTIC_D (Slow) 11.13 Oversold
CCI -134.05 SELL
PSAR 9.38 SELL
TRUE RANGE 0.35 SELL
ATR 0.35 SELL
WILLIAMS R -72.41 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 91.39 Overbought
STOCHASTIC RSI D 30.46 Neutral
MOMENTUM -0.85 SELL

BRIGHT Last 1 Year Trend

Duration Value
1 Year 36.67%
3 Months -31.09%
1 Month -9.39%
1 Week -6.29%

BRIGHT Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 13%
NEUTRAL / HOLD 17%
SELL 70%

Most popular Questions & Answers about BRIGHT


Bright Solar Limited stock last traded price is 9.00. BRIGHT share price moved Up by 4.05% from its previous close of Rs 8.6.

Bright Solar Limited share price trend is Up with a total of 15000 stocks traded till now. It has touched an intraday high of Rs 12.625 and an intraday low of Rs 8.90. The BRIGHT trading at 9.00, Up by Rs. 0.35, or 4.05 percent which suggests that most of the Traders are anticipating that the price of BRIGHT share should go Up and the Stop Loss will be around 8.93.

The market cap of Bright Solar Limited is ₹0 (in Cr) as of May 17, 2024.

The current price to earning ratio for Bright Solar Limited as of May 17, 2024 is 56.95.

The current price to book ratio for Bright Solar Limited as of May 17, 2024 is 0.64.

The highest price of Bright Solar Limited stock is ₹12.50 in the last 52-week.

The lowest price of Bright Solar Limited stock is ₹4.65 in the last 52-week.

Bright Solar Limited share trading at ₹9.00, Up by Rs. 0.35, or 4.05 percent which suggests that most of the traders are anticipating that the price of BRIGHT share should go Up.

In 2023, Stock price target for Bright Solar Limited (BRIGHT) are ₹8.3 on downside and ₹12.6 on upside. Bright Solar Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Bright Solar Limited (BRIGHT) are ₹12.6 on downside and ₹13.1 on upside. Bright Solar Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Bright Solar Limited (BRIGHT) are ₹13.1 on downside and ₹13.8 on upside. Bright Solar 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 Bright Solar Limited (BRIGHT) will be around ₹15 Bright Solar Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of BRIGHT.

As per the fundamental analysis of Bright Solar Limited (BRIGHT), it is of Uncertain quality in terms of earnings and profit margins with an EPS of 0.0. Bright Solar Limited book value per share as of today is 14.16. The current price to book ratio for BRIGHT as of May 18, 2024 is 0.64.


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


Peer Comparison of NSE: BRIGHT

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

Sector: Compressors / Pumps

Company Price EPS BV
LATTEYS 16.40 0 13.51
BRIGHT 9.00 0 14.16
Updated at: 17 May 2024 15:56

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SITEMAP 1658
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