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Hitech Corporation Limited
Share Price Target & Analysis

NSE:HITECHCORP

225.80

VWAP

227.05

Open

219.9

Close

228.25

High

223.55

Low

307.80

52 Week High

226.05 ⇩
-1.20 (-0.53%)

HITECHCORP

(INDUSTRIAL MANUFACTURING)
36.1% Momentum

Turnaround Potential

179.85

52 Week Low

12.81

EPS

28.62

PE

1.46

PB

Standard
Quality

Bronze
Valuation

#Analysis

NSE: HITECHCORP Share Price Financial Analysis & Valuation

Hitech Corporation Limited (HITECHCORP) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Plastics vertical. It is one of Micro Cap company with Market Capitalization of Rs 496.2 (in Cr). Total number of free float shares are 1.7 (in Lacs). Hitech Corporation Limited is listed on NSE with Exchange ID - INE120D01012 and trading code is NSE:HITECHCORP with short name Hitech Corp.

In the past 1 year, Hitech Corporation Limited has declared an equity dividend of Rs 1 per share. At the current share price of HITECHCORP at Rs 226.05, this results in a dividend yield of 0.44 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:HITECHCORP, it is clearly understood that HITECHCORP is Standard performer in terms of earnings and profit margins with an EPS of 12.81. NSE:HITECHCORP book value per share as of today is 154.41. The current price to book ratio for HITECHCORP as of May 18, 2024 is 1.46.

Valuation of the Stock: The current valuation of HITECHCORP stock is like Bronze which means currently the stock is Reasonably Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of HITECHCORP whether to BUY this stock at current valuation. The delivery percentage of HITECHCORP is 63.72% is very crucial parameter which shows that 63.72% investors are anticipating that the price of HITECHCORP share should go up with VWAP at 225.80.

Now, the main question is whether to BUY or SELL, NSE:HITECHCORP at current valuation.
As per latest Analysis No. #339:-

⇑ STRONG BUY HITECHCORP if All Greens

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

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

⇘ SELL HITECHCORP if NO Green Indicator

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

(Hitech Corporation Limited Daily Analysis on the basis of HITECHCORP Intraday Graph & Trend)

Hitech Corporation Limited share price moved Down by -0.53% from its previous close of Rs 219.9. HITECHCORP stock last traded price is 226.05. HITECHCORP share price trend is Down with a total of 765 stocks traded till now. It has touched an intraday high of Rs 228.25 and an intraday low of Rs 223.55. The HITECHCORP trading at 226.05, Down by Rs. -1.20, or -0.53 percent which suggests that most of the Traders are anticipating that the price of HITECHCORP share should go Down.

NSE: HITECHCORP Share Price Tomorrow Prediction

(Hitech Corporation Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of HITECHCORP)

Hitech Corporation Limited share price moved Down by -0.53%. HITECHCORP share price short term trend is Down. It suggests that HITECHCORP Share Price for Tomorrow remains the same with VWAP at 225.80 will be treated as stop loss for intraday traders. Hitech Corporation Limited Long term investors can follow the HITECHCORP long term trend as mentiond in future forecast table.

NSE Code

NSE: HITECHCORP

HITECHCORP Share Price Today

 226.05

HITECHCORP Share Price Target Prediction for 2024 ^

 188.6 - 258.9

HITECHCORP Share Price Target Prediction for 2025*^

 258.9 - 329.5

HITECHCORP Share Price Target Prediction for 2026*^

 329.5 - 352.6

HITECHCORP Share Price Target Prediction for 2027*^

 370

HITECHCORP Share Price Target Prediction for 2028*^

 381

HITECHCORP Share Price Target Prediction for 2030*^

 415
HITECHCORP Current Book Value 2023
153.6

*Hitech Corporation Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^HITECHCORP 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.

HITECHCORP Technical Analysis

Candlestick Pattern: @219.5

HITECHCORP Moving Averages

BUY (8) NEUTRAL (0) SELL (6)
MA Simple Action S1 Expo Action E2
MA_5 208.96 BUY 212.69 BUY
MA_12 218.25 BUY 215.3 BUY
MA_20 219.79 SELL 216.32 BUY
MA_32 215.79 BUY 217.42 BUY
MA_50 214.3 BUY 219.71 SELL
MA_100 228.13 SELL 225.97 SELL
MA_200 241.23 SELL 231.91 SELL

HITECHCORP Trend Oscillators

BUY (1) NEUTRAL (1) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 219.79 Downtrend
MACD -1.53 SELL
ADX 16.84 NO or Weak Trend
DMI (+/-) 22.71 / 22.23 Uptrend

HITECHCORP Momentum Oscillators

BUY (2) NEUTRAL (9) SELL (1)
Momentum Oscillators Value Action
RSI 51.92 Neutral
STOCHASTIC_K (Fast) 71.89 Neutral
STOCHASTIC_D (Slow) 43.52 Neutral
CCI -22.71 Neutral
PSAR 238.75 SELL
TRUE RANGE 15.95 Neutral
ATR 11.45 Neutral
WILLIAMS R -53.57 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 57.17 Neutral
MOMENTUM 10.35 BUY

HITECHCORP Last 1 Year Trend

Duration Value
1 Year 21.27%
3 Months -13.46%
1 Month 4.95%
1 Week 2.19%

HITECHCORP Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 37%
NEUTRAL / HOLD 33%
SELL 30%

Most popular Questions & Answers about HITECHCORP


Hitech Corporation Limited stock last traded price is 226.05. HITECHCORP share price moved Down by -0.53% from its previous close of Rs 219.9.

Hitech Corporation Limited share price trend is Down with a total of 765 stocks traded till now. It has touched an intraday high of Rs 310.878 and an intraday low of Rs 223.55. The HITECHCORP trading at 226.05, Down by Rs. -1.20, or -0.53 percent which suggests that most of the Traders are anticipating that the price of HITECHCORP share should go Down and the Stop Loss will be around 225.80.

The market cap of Hitech Corporation Limited is ₹496.2 (in Cr) as of May 17, 2024.

The current price to earning ratio for Hitech Corporation Limited as of May 17, 2024 is 28.62.

The current price to book ratio for Hitech Corporation Limited as of May 17, 2024 is 1.46.

The highest price of Hitech Corporation Limited stock is ₹307.80 in the last 52-week.

The lowest price of Hitech Corporation Limited stock is ₹179.85 in the last 52-week.

Hitech Corporation Limited share trading at ₹226.05, Down by Rs. -1.20, or -0.53 percent which suggests that most of the traders are anticipating that the price of HITECHCORP share should go Down.

In 2023, Stock price target for Hitech Corporation Limited (HITECHCORP) are ₹188.6 on downside and ₹258.9 on upside. Hitech Corporation Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Hitech Corporation Limited (HITECHCORP) are ₹258.9 on downside and ₹329.5 on upside. Hitech Corporation Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Hitech Corporation Limited (HITECHCORP) are ₹329.5 on downside and ₹352.6 on upside. Hitech Corporation 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 Hitech Corporation Limited (HITECHCORP) will be around ₹381 Hitech Corporation Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of HITECHCORP.

As per the fundamental analysis of Hitech Corporation Limited (HITECHCORP), it is of Standard quality in terms of earnings and profit margins with an EPS of 12.81. Hitech Corporation Limited book value per share as of today is 154.41. The current price to book ratio for HITECHCORP as of May 18, 2024 is 1.46.


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


Peer Comparison of NSE: HITECHCORP

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

Sector: Plastics

Company Price EPS BV
KRITI 114.90 4.32 30.32
ASTRAL 2303.90 20.99 99.74
SUPREMEIND 5612.75 80 354.14
FIBERWEB 36.35 0 53.51
NILKAMAL 1895.85 71.91 891.15
COSMOFILMS 610.05 14.77 447.38
MAYURUNIQ 533.00 26.15 172.36
MOLDTKPAC 805.00 21.55 168.11
JISLJALEQS 69.70 0.95 69.27
APOLLOPIPE 620.95 12.32 111.05
Updated at: 17 May 2024 15:44

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