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Manaksia Steels Limited
Share Price Target & Analysis

NSE:MANAKSTEEL

61.06

VWAP

61.3

Open

59.23

Close

61.96

High

59.73

Low

107

52 Week High

61.17 ⇧
1.94 (3.28%)

MANAKSTEEL

(METALS)
27.9% Momentum

Turnaround Potential

43.4

52 Week Low

2.45

EPS

29.52

PE

1.3

PB

Economical
Quality

Silver
Valuation

#Analysis

NSE: MANAKSTEEL Share Price Financial Analysis & Valuation

Manaksia Steels Limited (MANAKSTEEL) is broadly categorized in METALS segment industry which deals in Steel - Large vertical. It is one of Micro Cap company with Market Capitalization of Rs 296.9 (in Cr). Total number of free float shares are 6.6 (in Lacs). Manaksia Steels Limited is listed on NSE with Exchange ID - INE824Q01011 and trading code is NSE:MANAKSTEEL with short name Manaksia Steels.

In the past 1 year, Manaksia Steels Limited has declared an equity dividend of Rs 0 per share. At the current share price of MANAKSTEEL at Rs 61.17, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:MANAKSTEEL, it is clearly understood that MANAKSTEEL is Economical performer in terms of earnings and profit margins with an EPS of 2.45. NSE:MANAKSTEEL book value per share as of today is 47.15. The current price to book ratio for MANAKSTEEL as of Nov 23, 2024 is 1.3.

Valuation of the Stock: The current valuation of MANAKSTEEL 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 MANAKSTEEL whether to BUY this stock at current valuation. The delivery percentage of MANAKSTEEL is 63.49% is very crucial parameter which shows that 63.49% investors are anticipating that the price of MANAKSTEEL share should go up with VWAP at 61.06.

Now, the main question is whether to BUY or SELL, NSE:MANAKSTEEL at current valuation.
As per latest Analysis No. #1510:-

⇑ STRONG BUY MANAKSTEEL if All Greens

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

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

⇘ SELL MANAKSTEEL if NO Green Indicator

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

(Manaksia Steels Limited Daily Analysis on the basis of MANAKSTEEL Intraday Graph & Trend)

Manaksia Steels Limited share price moved Up by 3.28% from its previous close of Rs 59.23. MANAKSTEEL stock last traded price is 61.17. MANAKSTEEL share price trend is Up with a total of 51054 stocks traded till now. It has touched an intraday high of Rs 61.96 and an intraday low of Rs 59.73. The MANAKSTEEL trading at 61.17, Up by Rs. 1.94, or 3.28 percent which suggests that most of the Traders are anticipating that the price of MANAKSTEEL share should go Up.

NSE: MANAKSTEEL Share Price Tomorrow Prediction

(Manaksia Steels Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MANAKSTEEL)

Manaksia Steels Limited share price moved Up by 3.28%. MANAKSTEEL share price short term trend is Up. It suggests that MANAKSTEEL Share Price for Tomorrow remains the same with VWAP at 61.06 will be treated as stop loss for intraday traders. Manaksia Steels Limited Long term investors can follow the MANAKSTEEL long term trend as mentiond in future forecast table.

NSE Code

NSE: MANAKSTEEL

MANAKSTEEL Share Price Today

 61.17

MANAKSTEEL Share Price Target Prediction for 2024 ^

 45.5 - 80

MANAKSTEEL Share Price Target Prediction for 2025*^

 80 - 114.6

MANAKSTEEL Share Price Target Prediction for 2026*^

 114.6 - 122.6

MANAKSTEEL Share Price Target Prediction for 2027*^

 129

MANAKSTEEL Share Price Target Prediction for 2028*^

 132

MANAKSTEEL Share Price Target Prediction for 2030*^

 144
MANAKSTEEL Current Book Value 2023
46.9

*Manaksia Steels Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^MANAKSTEEL 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.

MANAKSTEEL Technical Analysis

Candlestick Pattern: @62.08

MANAKSTEEL Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 62.24 SELL 62.45 SELL
MA_12 65.34 SELL 64.48 SELL
MA_20 65.85 SELL 65.18 SELL
MA_32 66.95 SELL 65.18 SELL
MA_50 65.17 SELL 64.44 SELL
MA_100 61.1 BUY 62.77 SELL
MA_200 62.79 SELL 59.88 BUY

MANAKSTEEL Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 65.85 Downtrend
MACD -0.89 SELL
ADX 21.28 NO or Weak Trend
DMI (+/-) 17.37 / 22.95 Downtrend

MANAKSTEEL Momentum Oscillators

BUY (1) NEUTRAL (6) SELL (5)
Momentum Oscillators Value Action
RSI 41.9 Neutral
STOCHASTIC_K (Fast) 23.07 Neutral
STOCHASTIC_D (Slow) 10.09 Oversold
CCI -128.09 SELL
PSAR 71.89 SELL
TRUE RANGE 3.9 Neutral
ATR 3.63 Neutral
WILLIAMS R -80.06 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 80.9 Overbought
STOCHASTIC RSI D 26.97 Neutral
MOMENTUM -8.96 SELL

MANAKSTEEL Last 1 Year Trend

Duration Value
1 Year 38.26%
3 Months 11.82%
1 Month -12.61%
1 Week -8.73%

MANAKSTEEL Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 10%
NEUTRAL / HOLD 23%
SELL 67%

Most popular Questions & Answers about MANAKSTEEL


Manaksia Steels Limited stock last traded price is 61.17. MANAKSTEEL share price moved Up by 3.28% from its previous close of Rs 59.23.

Manaksia Steels Limited share price trend is Up with a total of 51054 stocks traded till now. It has touched an intraday high of Rs 108.07 and an intraday low of Rs 59.73. The MANAKSTEEL trading at 61.17, Up by Rs. 1.94, or 3.28 percent which suggests that most of the Traders are anticipating that the price of MANAKSTEEL share should go Up and the Stop Loss will be around 61.06.

The market cap of Manaksia Steels Limited is ₹296.9 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Manaksia Steels Limited as of Nov 22, 2024 is 29.52.

The current price to book ratio for Manaksia Steels Limited as of Nov 22, 2024 is 1.3.

The highest price of Manaksia Steels Limited stock is ₹107 in the last 52-week.

The lowest price of Manaksia Steels Limited stock is ₹43.4 in the last 52-week.

Manaksia Steels Limited share trading at ₹61.17, Up by Rs. 1.94, or 3.28 percent which suggests that most of the traders are anticipating that the price of MANAKSTEEL share should go Up.

In 2023, Stock price target for Manaksia Steels Limited (MANAKSTEEL) are ₹45.5 on downside and ₹80 on upside. Manaksia Steels Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Manaksia Steels Limited (MANAKSTEEL) are ₹80 on downside and ₹114.6 on upside. Manaksia Steels Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Manaksia Steels Limited (MANAKSTEEL) are ₹114.6 on downside and ₹122.6 on upside. Manaksia Steels 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 Manaksia Steels Limited (MANAKSTEEL) will be around ₹132 Manaksia Steels Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MANAKSTEEL.

The price of Manaksia Steels Limited (MANAKSTEEL) shares moved by 3.28%. The short-term trend for MANAKSTEEL share price is Up. It implies that the share price of MANAKSTEEL will stay the same tomorrow and that intraday traders should treat VWAP at 61.06 as a stop loss. Investors with a long-term outlook can track MANAKSTEEL long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of MANAKSTEEL stock is 29.4. Compared to the current market price of 61.17 INR, the MANAKSTEEL stock is Overvalued by 51.9%.

As per the fundamental analysis of Manaksia Steels Limited (MANAKSTEEL), it is of Economical quality in terms of earnings and profit margins with an EPS of 2.45. Manaksia Steels Limited book value per share as of today is 47.15. The current price to book ratio for MANAKSTEEL as of Nov 23, 2024 is 1.3.


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


Peer Comparison of NSE: MANAKSTEEL

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

Sector: Steel - Large

Company Price EPS BV
JSWSTEEL 975.00 24.24 307.6
SAIL 112.75 5.29 131.05
JSLHISAR 562.80 62.5 152.14
STEELXIND 10.19 0.21 5.52
MANAKSTEEL 61.17 2.45 47.15
VISASTEEL 35.23 0 -72.9
Updated at: 22 Nov 2024 15:57

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