NIFTY 23907.25 BANK 51135.40

Elgi Equipments Ltd.
Share Price Target & Analysis

NSE:ELGIEQUIP

560.64

VWAP

557.9

Open

553.15

Close

567.35

High

551.2

Low

798.95

52 Week High

559.40 ⇧
6.25 (1.13%)

ELGIEQUIP

(INDUSTRIAL MANUFACTURING)
19% Momentum

Turnaround Potential

503.1

52 Week Low

10.81

EPS

58.04

PE

12.09

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: ELGIEQUIP Share Price Financial Analysis & Valuation

Elgi Equipments Ltd. (ELGIEQUIP) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Compressors vertical. It is one of Mid Cap company with Market Capitalization of Rs 10097.6 (in Cr). Total number of free float shares are 15.8 (in Lacs). Elgi Equipments Ltd. is listed on NSE with Exchange ID - INE285A01027 and trading code is NSE:ELGIEQUIP with short name Elgi Equipments.

In the past 1 year, Elgi Equipments Ltd. has declared an equity dividend of Rs 2 per share. At the current share price of ELGIEQUIP at Rs 559.40, this results in a dividend yield of 0.36 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:ELGIEQUIP, it is clearly understood that ELGIEQUIP is Economical performer in terms of earnings and profit margins with an EPS of 10.81. NSE:ELGIEQUIP book value per share as of today is 46.27. The current price to book ratio for ELGIEQUIP as of Nov 23, 2024 is 12.09.

Valuation of the Stock: The current valuation of ELGIEQUIP 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 ELGIEQUIP whether to BUY this stock at current valuation. The delivery percentage of ELGIEQUIP is 42.48% is very crucial parameter which shows that 42.48% investors are anticipating that the price of ELGIEQUIP share should go up with VWAP at 560.64.

Now, the main question is whether to BUY or SELL, NSE:ELGIEQUIP at current valuation.
As per latest Analysis No. #1815:-

⇑ STRONG BUY ELGIEQUIP if All Greens

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

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

⇘ SELL ELGIEQUIP if NO Green Indicator

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

(Elgi Equipments Ltd. Daily Analysis on the basis of ELGIEQUIP Intraday Graph & Trend)

Elgi Equipments Ltd. share price moved Up by 1.13% from its previous close of Rs 553.15. ELGIEQUIP stock last traded price is 559.40. ELGIEQUIP share price trend is Up with a total of 142115 stocks traded till now. It has touched an intraday high of Rs 567.35 and an intraday low of Rs 551.2. The ELGIEQUIP trading at 559.40, Up by Rs. 6.25, or 1.13 percent which suggests that most of the Traders are anticipating that the price of ELGIEQUIP share should go Up.

NSE: ELGIEQUIP Share Price Tomorrow Prediction

(Elgi Equipments Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ELGIEQUIP)

Elgi Equipments Ltd. share price moved Up by 1.13%. ELGIEQUIP share price short term trend is Up. It suggests that ELGIEQUIP Share Price for Tomorrow remains the same with VWAP at 560.64 will be treated as stop loss for intraday traders. Elgi Equipments Ltd. Long term investors can follow the ELGIEQUIP long term trend as mentiond in future forecast table.

NSE Code

NSE: ELGIEQUIP

ELGIEQUIP Share Price Today

 559.40

ELGIEQUIP Share Price Target Prediction for 2024 ^

 527.5 - 691

ELGIEQUIP Share Price Target Prediction for 2025*^

 691 - 855.4

ELGIEQUIP Share Price Target Prediction for 2026*^

 855.4 - 915.3

ELGIEQUIP Share Price Target Prediction for 2027*^

 961

ELGIEQUIP Share Price Target Prediction for 2028*^

 989

ELGIEQUIP Share Price Target Prediction for 2030*^

 1078
ELGIEQUIP Current Book Value 2023
46

*Elgi Equipments Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^ELGIEQUIP 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.

ELGIEQUIP Technical Analysis

Candlestick Pattern: @584.85

ELGIEQUIP Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 603.73 SELL 599.81 SELL
MA_12 626.27 SELL 619.35 SELL
MA_20 625.92 SELL 628.36 SELL
MA_32 643.69 SELL 641.54 SELL
MA_50 667.17 SELL 650.85 SELL
MA_100 671.04 SELL 658.49 SELL
MA_200 657.07 SELL 640.96 SELL

ELGIEQUIP Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 625.92 Downtrend
MACD -4.21 SELL
ADX 19.67 NO or Weak Trend
DMI (+/-) 16.61 / 38.74 Downtrend

ELGIEQUIP Momentum Oscillators

BUY (1) NEUTRAL (4) SELL (7)
Momentum Oscillators Value Action
RSI 35.24 Neutral
STOCHASTIC_K (Fast) 16.76 Oversold
STOCHASTIC_D (Slow) 6.73 Oversold
CCI -117.36 SELL
PSAR 672.06 SELL
TRUE RANGE 28.55 Neutral
ATR 24.17 BUY
WILLIAMS R -80.58 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 35.92 Neutral
STOCHASTIC RSI D 11.97 Oversold
MOMENTUM -95.15 SELL

ELGIEQUIP Last 1 Year Trend

Duration Value
1 Year 10.83%
3 Months -4.38%
1 Month -13.99%
1 Week -10.18%

ELGIEQUIP Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 17%
SELL 80%

Most popular Questions & Answers about ELGIEQUIP


Elgi Equipments Ltd. stock last traded price is 559.40. ELGIEQUIP share price moved Up by 1.13% from its previous close of Rs 553.15.

Elgi Equipments Ltd. share price trend is Up with a total of 142115 stocks traded till now. It has touched an intraday high of Rs 806.9395 and an intraday low of Rs 551.2. The ELGIEQUIP trading at 559.40, Up by Rs. 6.25, or 1.13 percent which suggests that most of the Traders are anticipating that the price of ELGIEQUIP share should go Up and the Stop Loss will be around 560.64.

The market cap of Elgi Equipments Ltd. is ₹10097.6 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Elgi Equipments Ltd. as of Nov 22, 2024 is 58.04.

The current price to book ratio for Elgi Equipments Ltd. as of Nov 22, 2024 is 12.09.

The highest price of Elgi Equipments Ltd. stock is ₹798.95 in the last 52-week.

The lowest price of Elgi Equipments Ltd. stock is ₹503.1 in the last 52-week.

Elgi Equipments Ltd. share trading at ₹559.40, Up by Rs. 6.25, or 1.13 percent which suggests that most of the traders are anticipating that the price of ELGIEQUIP share should go Up.

In 2023, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) are ₹527.5 on downside and ₹691 on upside. Elgi Equipments Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) are ₹691 on downside and ₹855.4 on upside. Elgi Equipments Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Elgi Equipments Ltd. (ELGIEQUIP) are ₹855.4 on downside and ₹915.3 on upside. Elgi Equipments Ltd. 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 Elgi Equipments Ltd. (ELGIEQUIP) will be around ₹989 Elgi Equipments Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ELGIEQUIP.

The price of Elgi Equipments Ltd. (ELGIEQUIP) shares moved by 1.13%. The short-term trend for ELGIEQUIP share price is Up. It implies that the share price of ELGIEQUIP will stay the same tomorrow and that intraday traders should treat VWAP at 560.64 as a stop loss. Investors with a long-term outlook can track ELGIEQUIP long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of ELGIEQUIP stock is 129.6. Compared to the current market price of 559.40 INR, the ELGIEQUIP stock is Overvalued by 76.8%.

As per the fundamental analysis of Elgi Equipments Ltd. (ELGIEQUIP), it is of Economical quality in terms of earnings and profit margins with an EPS of 10.81. Elgi Equipments Ltd. book value per share as of today is 46.27. The current price to book ratio for ELGIEQUIP as of Nov 23, 2024 is 12.09.


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


Peer Comparison of NSE: ELGIEQUIP

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

Sector: Compressors

Company Price EPS BV
ELGIEQUIP 559.40 10.81 46.27
INGERRAND 4401.85 76.39 183.82
REVATHI 386.85 0 224.39
Updated at: 22 Nov 2024 15:40

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