NIFTY 23907.25 BANK 51135.40

Mishra Dhatu Nigam Ltd.
Share Price Target & Analysis

NSE:MIDHANI

312.08

VWAP

310.55

Open

310.55

Close

315.7

High

308.2

Low

547.5

52 Week High

311.40 ⇧
0.85 (0.27%)

MIDHANI

(Miscellaneous)
2.7% Momentum

Watch Carefully

304.8

52 Week Low

4.67

EPS

43.37

PE

4.42

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: MIDHANI Share Price Financial Analysis & Valuation

Mishra Dhatu Nigam Ltd. (MIDHANI) is broadly categorized in Miscellaneous segment industry which deals in Iron & Steel vertical. It is one of Small Cap company with Market Capitalization of Rs 3430.2 (in Cr). Total number of free float shares are 18.7 (in Lacs). Mishra Dhatu Nigam Ltd. is listed on NSE with Exchange ID - INE099Z01011 and trading code is NSE:MIDHANI with short name Mishra Dhatu.

In the past 1 year, Mishra Dhatu Nigam Ltd. has declared an equity dividend of Rs 3.1 per share. At the current share price of MIDHANI at Rs 311.40, this results in a dividend yield of 1 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:MIDHANI, it is clearly understood that MIDHANI is Economical performer in terms of earnings and profit margins with an EPS of 4.67. NSE:MIDHANI book value per share as of today is 70.43. The current price to book ratio for MIDHANI as of Nov 23, 2024 is 4.42.

Valuation of the Stock: The current valuation of MIDHANI 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 MIDHANI whether to BUY this stock at current valuation. The delivery percentage of MIDHANI is 38.86% is very crucial parameter which shows that 38.86% investors are anticipating that the price of MIDHANI share should go up with VWAP at 312.08.

Now, the main question is whether to BUY or SELL, NSE:MIDHANI at current valuation.
As per latest Analysis No. #5541:-

⇑ STRONG BUY MIDHANI if All Greens

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

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

⇘ SELL MIDHANI if NO Green Indicator

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

(Mishra Dhatu Nigam Ltd. Daily Analysis on the basis of MIDHANI Intraday Graph & Trend)

Mishra Dhatu Nigam Ltd. share price moved Up by 0.27% from its previous close of Rs 310.55. MIDHANI stock last traded price is 311.40. MIDHANI share price trend is Up with a total of 258477 stocks traded till now. It has touched an intraday high of Rs 315.7 and an intraday low of Rs 308.2. The MIDHANI trading at 311.40, Up by Rs. 0.85, or 0.27 percent which suggests that most of the Traders are anticipating that the price of MIDHANI share should go Up.

NSE: MIDHANI Share Price Tomorrow Prediction

(Mishra Dhatu Nigam Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MIDHANI)

Mishra Dhatu Nigam Ltd. share price moved Up by 0.27%. MIDHANI share price short term trend is Up. It suggests that MIDHANI Share Price for Tomorrow remains the same with VWAP at 312.08 will be treated as stop loss for intraday traders. Mishra Dhatu Nigam Ltd. Long term investors can follow the MIDHANI long term trend as mentiond in future forecast table.

NSE Code

NSE: MIDHANI

MIDHANI Share Price Today

 311.40

MIDHANI Share Price Target Prediction for 2024 ^

 319.6 - 452.6

MIDHANI Share Price Target Prediction for 2025*^

 452.6 - 586.2

MIDHANI Share Price Target Prediction for 2026*^

 586.2 - 627.2

MIDHANI Share Price Target Prediction for 2027*^

 659

MIDHANI Share Price Target Prediction for 2028*^

 677

MIDHANI Share Price Target Prediction for 2030*^

 738
MIDHANI Current Book Value 2023
70.1

*Mishra Dhatu Nigam Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^MIDHANI 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.

MIDHANI Technical Analysis

Candlestick Pattern: @320.3

MIDHANI Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 320.51 SELL 320.57 SELL
MA_12 329.73 SELL 329.38 SELL
MA_20 333.85 SELL 336.51 SELL
MA_32 353.3 SELL 350.13 SELL
MA_50 366.85 SELL 363.66 SELL
MA_100 405.27 SELL 385.76 SELL
MA_200 421.88 SELL 398.82 SELL

MIDHANI Trend Oscillators

BUY (1) NEUTRAL (0) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 333.85 Downtrend
MACD -0.11 SELL
ADX 35.79 Strong Trend
DMI (+/-) 23.34 / 30.78 Downtrend

MIDHANI Momentum Oscillators

BUY (1) NEUTRAL (8) SELL (3)
Momentum Oscillators Value Action
RSI 38.5 Neutral
STOCHASTIC_K (Fast) 28.98 Neutral
STOCHASTIC_D (Slow) 10.8 Oversold
CCI -39.61 Neutral
PSAR 348.43 SELL
TRUE RANGE 34.8 Neutral
ATR 15.01 Neutral
WILLIAMS R -66.41 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 94.8 Overbought
STOCHASTIC RSI D 31.6 Neutral
MOMENTUM -54.1 SELL

MIDHANI Last 1 Year Trend

Duration Value
1 Year -11.81%
3 Months -21.74%
1 Month -14.45%
1 Week -6.08%

MIDHANI Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 27%
SELL 67%

Most popular Questions & Answers about MIDHANI


Mishra Dhatu Nigam Ltd. stock last traded price is 311.40. MIDHANI share price moved Up by 0.27% from its previous close of Rs 310.55.

Mishra Dhatu Nigam Ltd. share price trend is Up with a total of 258477 stocks traded till now. It has touched an intraday high of Rs 552.975 and an intraday low of Rs 308.2. The MIDHANI trading at 311.40, Up by Rs. 0.85, or 0.27 percent which suggests that most of the Traders are anticipating that the price of MIDHANI share should go Up and the Stop Loss will be around 312.08.

The market cap of Mishra Dhatu Nigam Ltd. is ₹3430.2 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Mishra Dhatu Nigam Ltd. as of Nov 22, 2024 is 43.37.

The current price to book ratio for Mishra Dhatu Nigam Ltd. as of Nov 22, 2024 is 4.42.

The highest price of Mishra Dhatu Nigam Ltd. stock is ₹547.5 in the last 52-week.

The lowest price of Mishra Dhatu Nigam Ltd. stock is ₹304.8 in the last 52-week.

Mishra Dhatu Nigam Ltd. share trading at ₹311.40, Up by Rs. 0.85, or 0.27 percent which suggests that most of the traders are anticipating that the price of MIDHANI share should go Up.

In 2023, Stock price target for Mishra Dhatu Nigam Ltd. (MIDHANI) are ₹319.6 on downside and ₹452.6 on upside. Mishra Dhatu Nigam Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Mishra Dhatu Nigam Ltd. (MIDHANI) are ₹452.6 on downside and ₹586.2 on upside. Mishra Dhatu Nigam Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Mishra Dhatu Nigam Ltd. (MIDHANI) are ₹586.2 on downside and ₹627.2 on upside. Mishra Dhatu Nigam 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 Mishra Dhatu Nigam Ltd. (MIDHANI) will be around ₹677 Mishra Dhatu Nigam Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MIDHANI.

The price of Mishra Dhatu Nigam Ltd. (MIDHANI) shares moved by 0.27%. The short-term trend for MIDHANI share price is Up. It implies that the share price of MIDHANI will stay the same tomorrow and that intraday traders should treat VWAP at 312.08 as a stop loss. Investors with a long-term outlook can track MIDHANI long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of MIDHANI stock is 56. Compared to the current market price of 311.40 INR, the MIDHANI stock is Overvalued by 82%.

As per the fundamental analysis of Mishra Dhatu Nigam Ltd. (MIDHANI), it is of Economical quality in terms of earnings and profit margins with an EPS of 4.67. Mishra Dhatu Nigam Ltd. book value per share as of today is 70.43. The current price to book ratio for MIDHANI as of Nov 23, 2024 is 4.42.


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


Peer Comparison of NSE: MIDHANI

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

Sector: Iron & Steel

Company Price EPS BV
TATASTEEL 142.55 12.52 110.3
HINDALCO 652.00 24.97 283.5
SHYAMMETL 813.05 16.54 199.4
TINPLATE 430.50 8.91 120.66
MIDHANI 311.40 4.67 70.43
JTLINFRA 96.40 2.96 19.8
VENUSPIPES 1624.40 48.87 199.42
GALLANTT 320.95 13.19 101.57
HARIOMPIPE 570.25 19.32 150.55
SUPREMEENG 3.11 0 -2.65
Updated at: 22 Nov 2024 15:41

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