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Essar Shipping Limited
Share Price Target & Analysis

NSE:ESSARSHPNG

27.96

VWAP

28.90

Open

28.2

Close

29.15

High

27.20

Low

38.95

52 Week High

27.75 ⇩
-0.45 (-1.60%)

ESSARSHPNG

(SERVICES)
63.7% Momentum

Sideways to Positive

8.10

52 Week Low

21.81

EPS

5.78

PE

N/A

PB

Excellent
Quality

Iron
Valuation

#Analysis

NSE: ESSARSHPNG Share Price Financial Analysis & Valuation

Essar Shipping Limited (ESSARSHPNG) is broadly categorized in SERVICES segment industry which deals in Shipping vertical. It is one of Micro Cap company with Market Capitalization of Rs 199.5 (in Cr). Total number of free float shares are 20.7 (in Lacs). Essar Shipping Limited is listed on NSE with Exchange ID - INE122M01019 and trading code is NSE:ESSARSHPNG with short name Essar Shipping.

In the past 1 year, Essar Shipping Limited has declared an equity dividend of Rs 0 per share. At the current share price of ESSARSHPNG at Rs 27.75, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:ESSARSHPNG, it is clearly understood that ESSARSHPNG is Excellent performer in terms of earnings and profit margins with an EPS of 21.81.

Valuation of the Stock: The current valuation of ESSARSHPNG stock is like Iron which means currently the stock is Inexpensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of ESSARSHPNG whether to BUY this stock at current valuation.

Now, the main question is whether to BUY or SELL, NSE:ESSARSHPNG at current valuation.
As per latest Analysis No. #6539:-

⇑ STRONG BUY ESSARSHPNG if All Greens

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

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

⇘ SELL ESSARSHPNG if NO Green Indicator

NSE: ESSARSHPNG Share Price Today (May 04, 2024)

(Essar Shipping Limited Daily Analysis on the basis of ESSARSHPNG Intraday Graph & Trend)

Essar Shipping Limited share price moved Down by -1.60% from its previous close of Rs 28.2. ESSARSHPNG stock last traded price is 27.75. ESSARSHPNG share price trend is Down with a total of 591485 stocks traded till now. It has touched an intraday high of Rs 29.15 and an intraday low of Rs 27.20. The ESSARSHPNG trading at 27.75, Down by Rs. -0.45, or -1.60 percent which suggests that most of the Traders are anticipating that the price of ESSARSHPNG share should go Down.

NSE: ESSARSHPNG Share Price Tomorrow Prediction

(Essar Shipping Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of ESSARSHPNG)

Essar Shipping Limited share price moved Down by -1.60%. ESSARSHPNG share price short term trend is Down. It suggests that ESSARSHPNG Share Price for Tomorrow remains the same with VWAP at 27.96 will be treated as stop loss for intraday traders. Essar Shipping Limited Long term investors can follow the ESSARSHPNG long term trend as mentiond in future forecast table.

NSE Code

NSE: ESSARSHPNG

ESSARSHPNG Share Price Today

 27.75

ESSARSHPNG Share Price Target Prediction for 2024 ^

 24 - 41.8

ESSARSHPNG Share Price Target Prediction for 2025*^

 41.8 - 49.9

ESSARSHPNG Share Price Target Prediction for 2026*^

 49.9 - 59.7

ESSARSHPNG Share Price Target Prediction for 2027*^

 63

ESSARSHPNG Share Price Target Prediction for 2028*^

 72

ESSARSHPNG Share Price Target Prediction for 2030*^

 88
ESSARSHPNG Current Book Value 2023
Data Not Available

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

ESSARSHPNG Technical Analysis

Candlestick Pattern: @30

ESSARSHPNG Moving Averages

BUY (12) NEUTRAL (0) SELL (2)
MA Simple Action S1 Expo Action E2
MA_5 30.11 SELL 30.14 SELL
MA_12 29.45 BUY 29.11 BUY
MA_20 27.57 BUY 28.16 BUY
MA_32 25.2 BUY 27.27 BUY
MA_50 25.95 BUY 26.92 BUY
MA_100 28.57 BUY 25.9 BUY
MA_200 20.17 BUY 21.73 BUY

ESSARSHPNG Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 27.57 Uptrend
MACD 0.26 BUY
ADX 27 Strong Trend
DMI (+/-) 24.63 / 16.5 Uptrend

ESSARSHPNG Momentum Oscillators

BUY (3) NEUTRAL (7) SELL (2)
Momentum Oscillators Value Action
RSI 60.83 Neutral
STOCHASTIC_K (Fast) 37.48 Neutral
STOCHASTIC_D (Slow) 30.8 Neutral
CCI 29.08 Neutral
PSAR 34.06 SELL
TRUE RANGE 1 BUY
ATR 2.04 BUY
WILLIAMS R -47.06 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 13 Oversold
STOCHASTIC RSI D 24.42 Neutral
MOMENTUM 10.15 BUY

ESSARSHPNG Last 1 Year Trend

Duration Value
1 Year 244.83%
3 Months -5.81%
1 Month 51.13%
1 Week -3.38%

ESSARSHPNG Technical Analysis Summary

Updated on 2024-04-29
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 23%
SELL 13%

Most popular Questions & Answers about ESSARSHPNG


Essar Shipping Limited stock last traded price is 27.75. ESSARSHPNG share price moved Down by -1.60% from its previous close of Rs 28.2.

Essar Shipping Limited share price trend is Down with a total of 591485 stocks traded till now. It has touched an intraday high of Rs 42 and an intraday low of Rs 27.20. The ESSARSHPNG trading at 27.75, Down by Rs. -0.45, or -1.60 percent which suggests that most of the Traders are anticipating that the price of ESSARSHPNG share should go Down and the Stop Loss will be around 27.96.

The market cap of Essar Shipping Limited is ₹199.5 (in Cr) as of May 03, 2024.

The current price to earning ratio for Essar Shipping Limited as of May 03, 2024 is 5.78.

The current price to book ratio for Essar Shipping Limited as of May 03, 2024 is N/A.

The highest price of Essar Shipping Limited stock is ₹38.95 in the last 52-week.

The lowest price of Essar Shipping Limited stock is ₹8.10 in the last 52-week.

Essar Shipping Limited share trading at ₹27.75, Down by Rs. -0.45, or -1.60 percent which suggests that most of the traders are anticipating that the price of ESSARSHPNG share should go Down.

In 2023, Stock price target for Essar Shipping Limited (ESSARSHPNG) are ₹24 on downside and ₹41.8 on upside. Essar Shipping Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Essar Shipping Limited (ESSARSHPNG) are ₹41.8 on downside and ₹49.9 on upside. Essar Shipping Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Essar Shipping Limited (ESSARSHPNG) are ₹49.9 on downside and ₹59.7 on upside. Essar Shipping 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 Essar Shipping Limited (ESSARSHPNG) will be around ₹72 Essar Shipping Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of ESSARSHPNG.

As per the fundamental analysis of Essar Shipping Limited (ESSARSHPNG), it is of Excellent quality in terms of earnings and profit margins with an EPS of 21.81.


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


Peer Comparison of NSE: ESSARSHPNG

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

Sector: Shipping

Company Price EPS BV
SCI 221.40 14.6 136.79
GESHIP 1040.75 155.63 596.79
GPPL 212.55 7.61 42.99
SEAMECLTD 1086.50 43.27 270.19
SHREYAS 302.20 0 372.89
ACCURACY 9.45 0 6.6
RNAVAL 2.30 0 -235.8
ESSARSHPNG 27.75 21.81 -77.5
MERCATOR 0.85 -6.7 -32.37
LANCER 149.70 7.2 23.38
Updated at: 03 May 2024 15:55

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