NIFTY 23907.25 BANK 51135.40

Hitech Corporation Limited
Share Price Target & Analysis

NSE:HITECHCORP

232.4

VWAP

231.75

Open

230.25

Close

234

High

227.75

Low

351.35

52 Week High

233.80 ⇧
3.55 (1.54%)

HITECHCORP

(INDUSTRIAL MANUFACTURING)
31.4% Momentum

Turnaround Potential

179.9

52 Week Low

9.4

EPS

38.63

PE

1.52

PB

Economical
Quality

Silver
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 233.80, this results in a dividend yield of 0.43 %.

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 Economical performer in terms of earnings and profit margins with an EPS of 9.4. NSE:HITECHCORP book value per share as of today is 153.37. The current price to book ratio for HITECHCORP as of Nov 23, 2024 is 1.52.

Valuation of the Stock: The current valuation of HITECHCORP stock is like Silver which means currently the stock is at Premium. 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 52.74% is very crucial parameter which shows that 52.74% investors are anticipating that the price of HITECHCORP share should go up with VWAP at 232.4.

Now, the main question is whether to BUY or SELL, NSE:HITECHCORP at current valuation.
As per latest Analysis No. #445:-

⇑ 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 (Nov 23, 2024)

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

Hitech Corporation Limited share price moved Up by 1.54% from its previous close of Rs 230.25. HITECHCORP stock last traded price is 233.80. HITECHCORP share price trend is Up with a total of 7430 stocks traded till now. It has touched an intraday high of Rs 234 and an intraday low of Rs 227.75. The HITECHCORP trading at 233.80, Up by Rs. 3.55, or 1.54 percent which suggests that most of the Traders are anticipating that the price of HITECHCORP share should go Up.

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 Up by 1.54%. HITECHCORP share price short term trend is Up. It suggests that HITECHCORP Share Price for Tomorrow remains the same with VWAP at 232.4 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

 233.80

HITECHCORP Share Price Target Prediction for 2024 ^

 188.6 - 282.2

HITECHCORP Share Price Target Prediction for 2025*^

 282.2 - 376.2

HITECHCORP Share Price Target Prediction for 2026*^

 376.2 - 402.5

HITECHCORP Share Price Target Prediction for 2027*^

 423

HITECHCORP Share Price Target Prediction for 2028*^

 435

HITECHCORP Share Price Target Prediction for 2030*^

 474
HITECHCORP Current Book Value 2023
152.6

*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: @234.95

HITECHCORP Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 254.28 SELL 252.53 SELL
MA_12 271.57 SELL 266.93 SELL
MA_20 276.82 SELL 271.82 SELL
MA_32 282.99 SELL 272.81 SELL
MA_50 271.1 SELL 269.38 SELL
MA_100 256.13 SELL 260.1 SELL
MA_200 236.93 SELL 247.2 SELL

HITECHCORP Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 243.12 OverSold
MACD -5.99 SELL
ADX 16.24 NO or Weak Trend
DMI (+/-) 17.58 / 32.66 Downtrend

HITECHCORP Momentum Oscillators

BUY (0) NEUTRAL (4) SELL (8)
Momentum Oscillators Value Action
RSI 31.1 Neutral
STOCHASTIC_K (Fast) 3.5 Oversold
STOCHASTIC_D (Slow) 3.69 Oversold
CCI -194.76 SELL
PSAR 300.2 SELL
TRUE RANGE 17.1 Neutral
ATR 14.87 Neutral
WILLIAMS R -97.12 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 0 Oversold
MOMENTUM -89.15 SELL

HITECHCORP Last 1 Year Trend

Duration Value
1 Year -15.07%
3 Months 6.09%
1 Month -27.51%
1 Week -14.98%

HITECHCORP Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 17%
SELL 83%

Most popular Questions & Answers about HITECHCORP


Hitech Corporation Limited stock last traded price is 233.80. HITECHCORP share price moved Up by 1.54% from its previous close of Rs 230.25.

Hitech Corporation Limited share price trend is Up with a total of 7430 stocks traded till now. It has touched an intraday high of Rs 354.8635 and an intraday low of Rs 227.75. The HITECHCORP trading at 233.80, Up by Rs. 3.55, or 1.54 percent which suggests that most of the Traders are anticipating that the price of HITECHCORP share should go Up and the Stop Loss will be around 232.4.

The market cap of Hitech Corporation Limited is ₹496.2 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Hitech Corporation Limited as of Nov 22, 2024 is 38.63.

The current price to book ratio for Hitech Corporation Limited as of Nov 22, 2024 is 1.52.

The highest price of Hitech Corporation Limited stock is ₹351.35 in the last 52-week.

The lowest price of Hitech Corporation Limited stock is ₹179.9 in the last 52-week.

Hitech Corporation Limited share trading at ₹233.80, Up by Rs. 3.55, or 1.54 percent which suggests that most of the traders are anticipating that the price of HITECHCORP share should go Up.

In 2023, Stock price target for Hitech Corporation Limited (HITECHCORP) are ₹188.6 on downside and ₹282.2 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 ₹282.2 on downside and ₹376.2 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 ₹376.2 on downside and ₹402.5 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 ₹435 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.

The price of Hitech Corporation Limited (HITECHCORP) shares moved by 1.54%. The short-term trend for HITECHCORP share price is Up. It implies that the share price of HITECHCORP will stay the same tomorrow and that intraday traders should treat VWAP at 232.4 as a stop loss. Investors with a long-term outlook can track HITECHCORP long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of HITECHCORP stock is 112.7. Compared to the current market price of 233.80 INR, the HITECHCORP stock is Overvalued by 51.8%.

As per the fundamental analysis of Hitech Corporation Limited (HITECHCORP), it is of Economical quality in terms of earnings and profit margins with an EPS of 9.4. Hitech Corporation Limited book value per share as of today is 153.37. The current price to book ratio for HITECHCORP as of Nov 23, 2024 is 1.52.


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 165.68 4.29 30.32
ASTRAL 1761.60 20.61 116.51
SUPREMEIND 4549.60 80.09 354.14
FIBERWEB 47.55 4 56.04
NILKAMAL 1813.40 67.42 891.15
COSMOFILMS 743.75 21.07 440.88
MAYURUNIQ 591.80 31.62 199.64
MOLDTKPAC 660.20 18.9 178.88
JISLJALEQS 65.55 0.19 70.39
APOLLOPIPE 462.45 7.03 131.34
Updated at: 22 Nov 2024 15:46

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