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Concord Biotech Limited
Share Price Target & Analysis

NSE:CONCORDBIO

2002.46

VWAP

1992.15

Open

1991.2

Close

2045

High

1959.15

Low

2664

52 Week High

2019.30 ⇧
28.10 (1.41%)

CONCORDBIO

(Miscellaneous)
55.3% Momentum

Turnaround Potential

1221

52 Week Low

31.42

EPS

47.38

PE

13.85

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: CONCORDBIO Share Price Financial Analysis & Valuation

Concord Biotech Limited (CONCORDBIO) is broadly categorized in Miscellaneous segment industry which deals in Biotechnology & Medical Research vertical. It is one of Mid Cap company with Market Capitalization of Rs 0 (in Cr). Total number of free float shares are 0 (in Lacs). Concord Biotech Limited is listed on NSE with Exchange ID - INE338H01029 and trading code is NSE:CONCORDBIO with short name Concord Biotech.

In the past 1 year, Concord Biotech Limited has declared an equity dividend of Rs 0 per share. At the current share price of CONCORDBIO at Rs 2019.30, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:CONCORDBIO, it is clearly understood that CONCORDBIO is Economical performer in terms of earnings and profit margins with an EPS of 31.42. NSE:CONCORDBIO book value per share as of today is 145.8. The current price to book ratio for CONCORDBIO as of Nov 23, 2024 is 13.85.

Valuation of the Stock: The current valuation of CONCORDBIO stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of CONCORDBIO whether to BUY this stock at current valuation. The delivery percentage of CONCORDBIO is 12.56% is very crucial parameter which shows that 12.56% investors are anticipating that the price of CONCORDBIO share should go up with VWAP at 2002.46.

Now, the main question is whether to BUY or SELL, NSE:CONCORDBIO at current valuation.
As per latest Analysis No. #2313:-

⇑ STRONG BUY CONCORDBIO if All Greens

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

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

⇘ SELL CONCORDBIO if NO Green Indicator

NSE: CONCORDBIO Share Price Today (Nov 23, 2024)

(Concord Biotech Limited Daily Analysis on the basis of CONCORDBIO Intraday Graph & Trend)

Concord Biotech Limited share price moved Up by 1.41% from its previous close of Rs 1991.2. CONCORDBIO stock last traded price is 2019.30. CONCORDBIO share price trend is Up with a total of 74968 stocks traded till now. It has touched an intraday high of Rs 2045 and an intraday low of Rs 1959.15. The CONCORDBIO trading at 2019.30, Up by Rs. 28.10, or 1.41 percent which suggests that most of the Traders are anticipating that the price of CONCORDBIO share should go Up.

NSE: CONCORDBIO Share Price Tomorrow Prediction

(Concord Biotech Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of CONCORDBIO)

Concord Biotech Limited share price moved Up by 1.41%. CONCORDBIO share price short term trend is Up. It suggests that CONCORDBIO Share Price for Tomorrow remains the same with VWAP at 2002.46 will be treated as stop loss for intraday traders. Concord Biotech Limited Long term investors can follow the CONCORDBIO long term trend as mentiond in future forecast table.

NSE Code

NSE: CONCORDBIO

CONCORDBIO Share Price Today

 2019.30

CONCORDBIO Share Price Target Prediction for 2024 ^

 1869.8 - 2677.2

CONCORDBIO Share Price Target Prediction for 2025*^

 2677.2 - 2852.1

CONCORDBIO Share Price Target Prediction for 2026*^

 2852.1 - 3051.7

CONCORDBIO Share Price Target Prediction for 2027*^

 3204

CONCORDBIO Share Price Target Prediction for 2028*^

 3296

CONCORDBIO Share Price Target Prediction for 2030*^

 3592
CONCORDBIO Current Book Value 2023
145.1

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

CONCORDBIO Technical Analysis

Candlestick Pattern: @1897.75

CONCORDBIO Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 1869.34 BUY 1868.99 BUY
MA_12 1842.83 BUY 1860 BUY
MA_20 1853.18 BUY 1868.73 BUY
MA_32 1891.24 BUY 1880.47 BUY
MA_50 1958.55 SELL 1872.57 BUY
MA_100 1822 BUY 1819.21 BUY
MA_200 1643.73 BUY 1656.22 BUY

CONCORDBIO Trend Oscillators

BUY (3) NEUTRAL (1) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 1853.18 Uptrend
MACD 9.41 BUY
ADX 11.65 NO or Weak Trend
DMI (+/-) 18.48 / 16.53 Uptrend

CONCORDBIO Momentum Oscillators

BUY (3) NEUTRAL (6) SELL (3)
Momentum Oscillators Value Action
RSI 52.5 Neutral
STOCHASTIC_K (Fast) 63.35 Neutral
STOCHASTIC_D (Slow) 51.93 Neutral
CCI 121.68 BUY
PSAR 1778.17 BUY
TRUE RANGE 81.1 SELL
ATR 80.69 SELL
WILLIAMS R -21 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 71.11 Neutral
MOMENTUM -100.55 SELL

CONCORDBIO Last 1 Year Trend

Duration Value
1 Year 42.61%
3 Months 21.84%
1 Month -5.03%
1 Week 3.83%

CONCORDBIO Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 23%
SELL 13%

Most popular Questions & Answers about CONCORDBIO


Concord Biotech Limited stock last traded price is 2019.30. CONCORDBIO share price moved Up by 1.41% from its previous close of Rs 1991.2.

Concord Biotech Limited share price trend is Up with a total of 74968 stocks traded till now. It has touched an intraday high of Rs 2690.64 and an intraday low of Rs 1959.15. The CONCORDBIO trading at 2019.30, Up by Rs. 28.10, or 1.41 percent which suggests that most of the Traders are anticipating that the price of CONCORDBIO share should go Up and the Stop Loss will be around 2002.46.

The market cap of Concord Biotech Limited is ₹0 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Concord Biotech Limited as of Nov 22, 2024 is 47.38.

The current price to book ratio for Concord Biotech Limited as of Nov 22, 2024 is 13.85.

The highest price of Concord Biotech Limited stock is ₹2664 in the last 52-week.

The lowest price of Concord Biotech Limited stock is ₹1221 in the last 52-week.

Concord Biotech Limited share trading at ₹2019.30, Up by Rs. 28.10, or 1.41 percent which suggests that most of the traders are anticipating that the price of CONCORDBIO share should go Up.

In 2023, Stock price target for Concord Biotech Limited (CONCORDBIO) are ₹1869.8 on downside and ₹2677.2 on upside. Concord Biotech Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Concord Biotech Limited (CONCORDBIO) are ₹2677.2 on downside and ₹2852.1 on upside. Concord Biotech Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Concord Biotech Limited (CONCORDBIO) are ₹2852.1 on downside and ₹3051.7 on upside. Concord Biotech 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 Concord Biotech Limited (CONCORDBIO) will be around ₹3296 Concord Biotech Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of CONCORDBIO.

The price of Concord Biotech Limited (CONCORDBIO) shares moved by 1.41%. The short-term trend for CONCORDBIO share price is Up. It implies that the share price of CONCORDBIO will stay the same tomorrow and that intraday traders should treat VWAP at 2002.46 as a stop loss. Investors with a long-term outlook can track CONCORDBIO long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of CONCORDBIO stock is 376.7. Compared to the current market price of 2019.30 INR, the CONCORDBIO stock is Overvalued by 81.3%.

As per the fundamental analysis of Concord Biotech Limited (CONCORDBIO), it is of Economical quality in terms of earnings and profit margins with an EPS of 31.42. Concord Biotech Limited book value per share as of today is 145.8. The current price to book ratio for CONCORDBIO as of Nov 23, 2024 is 13.85.


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


Peer Comparison of NSE: CONCORDBIO

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

Sector: Biotechnology & Medical Research

Company Price EPS BV
WINDLAS 961.70 29.27 215.47
ARVEE 154.44 2.07 26.42
CONCORDBIO 2019.30 31.42 145.8
Updated at: 22 Nov 2024 15:59

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