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Nelcast Limited
Share Price Target & Analysis

NSE:NELCAST

146.50

VWAP

0

Open

144.85

Close

147.40

High

144.55

Low

194.30

52 Week High

146.15 ⇧
1.70 (1.18%)

NELCAST

(INDUSTRIAL MANUFACTURING)
54.9% Momentum

Turnaround Potential

87.65

52 Week Low

6.25

EPS

26.13

PE

2.45

PB

Economical
Quality

Silver
Valuation

#Analysis

NSE: NELCAST Share Price Financial Analysis & Valuation

Nelcast Limited (NELCAST) is broadly categorized in INDUSTRIAL MANUFACTURING segment industry which deals in Castings & Forgings vertical. It is one of Micro Cap company with Market Capitalization of Rs 722.5 (in Cr). Total number of free float shares are 8.7 (in Lacs). Nelcast Limited is listed on NSE with Exchange ID - INE189I01024 and trading code is NSE:NELCAST with short name Nelcast.

In the past 1 year, Nelcast Limited has declared an equity dividend of Rs 0.3 per share. At the current share price of NELCAST at Rs 146.15, this results in a dividend yield of 0.21 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:NELCAST, it is clearly understood that NELCAST is Economical performer in terms of earnings and profit margins with an EPS of 6.25. NSE:NELCAST book value per share as of today is 59.68. The current price to book ratio for NELCAST as of May 18, 2024 is 2.45.

Valuation of the Stock: The current valuation of NELCAST 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 NELCAST whether to BUY this stock at current valuation. The delivery percentage of NELCAST is 54.00% is very crucial parameter which shows that 54.00% investors are anticipating that the price of NELCAST share should go up with VWAP at 146.50.

Now, the main question is whether to BUY or SELL, NSE:NELCAST at current valuation.
As per latest Analysis No. #1548:-

⇑ STRONG BUY NELCAST if All Greens

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

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

⇘ SELL NELCAST if NO Green Indicator

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

(Nelcast Limited Daily Analysis on the basis of NELCAST Intraday Graph & Trend)

Nelcast Limited share price moved Up by 1.18% from its previous close of Rs 144.85. NELCAST stock last traded price is 146.15. NELCAST share price trend is Up with a total of 0 stocks traded till now. It has touched an intraday high of Rs 147.40 and an intraday low of Rs 144.55. The NELCAST trading at 146.15, Up by Rs. 1.70, or 1.18 percent which suggests that most of the Traders are anticipating that the price of NELCAST share should go Up.

NSE: NELCAST Share Price Tomorrow Prediction

(Nelcast Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of NELCAST)

Nelcast Limited share price moved Up by 1.18%. NELCAST share price short term trend is Up. It suggests that NELCAST Share Price for Tomorrow remains the same with VWAP at 146.50 will be treated as stop loss for intraday traders. Nelcast Limited Long term investors can follow the NELCAST long term trend as mentiond in future forecast table.

NSE Code

NSE: NELCAST

NELCAST Share Price Today

 146.15

NELCAST Share Price Target Prediction for 2024 ^

 135.7 - 195.3

NELCAST Share Price Target Prediction for 2025*^

 195.3 - 208

NELCAST Share Price Target Prediction for 2026*^

 208 - 222.6

NELCAST Share Price Target Prediction for 2027*^

 234

NELCAST Share Price Target Prediction for 2028*^

 240

NELCAST Share Price Target Prediction for 2030*^

 262
NELCAST Current Book Value 2023
59.4

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

NELCAST Technical Analysis

Candlestick Pattern: @145.95

NELCAST Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 148.75 SELL 148.42 SELL
MA_12 152.62 SELL 150.81 SELL
MA_20 152.57 SELL 150.58 SELL
MA_32 147.98 SELL 149.69 SELL
MA_50 145.03 BUY 149.74 SELL
MA_100 152.12 SELL 150.67 SELL
MA_200 151.62 SELL 144.44 BUY

NELCAST Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 152.57 Downtrend
MACD -1.43 SELL
ADX 13.88 NO or Weak Trend
DMI (+/-) 14.79 / 21.49 Downtrend

NELCAST Momentum Oscillators

BUY (0) NEUTRAL (8) SELL (4)
Momentum Oscillators Value Action
RSI 45.25 Neutral
STOCHASTIC_K (Fast) 24.58 Neutral
STOCHASTIC_D (Slow) 22.95 Neutral
CCI -139.3 SELL
PSAR 162.24 SELL
TRUE RANGE 5.5 Neutral
ATR 6.51 Neutral
WILLIAMS R -83.54 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 32.35 Neutral
STOCHASTIC RSI D 30.73 Neutral
MOMENTUM -5.2 SELL

NELCAST Last 1 Year Trend

Duration Value
1 Year 43.37%
3 Months -7.1%
1 Month -3.44%
1 Week -5.47%

NELCAST Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 30%
SELL 63%

Most popular Questions & Answers about NELCAST


Nelcast Limited stock last traded price is 146.15. NELCAST share price moved Up by 1.18% from its previous close of Rs 144.85.

Nelcast Limited share price trend is Up with a total of 0 stocks traded till now. It has touched an intraday high of Rs 196.243 and an intraday low of Rs 144.55. The NELCAST trading at 146.15, Up by Rs. 1.70, or 1.18 percent which suggests that most of the Traders are anticipating that the price of NELCAST share should go Up and the Stop Loss will be around 146.50.

The market cap of Nelcast Limited is ₹722.5 (in Cr) as of May 17, 2024.

The current price to earning ratio for Nelcast Limited as of May 17, 2024 is 26.13.

The current price to book ratio for Nelcast Limited as of May 17, 2024 is 2.45.

The highest price of Nelcast Limited stock is ₹194.30 in the last 52-week.

The lowest price of Nelcast Limited stock is ₹87.65 in the last 52-week.

Nelcast Limited share trading at ₹146.15, Up by Rs. 1.70, or 1.18 percent which suggests that most of the traders are anticipating that the price of NELCAST share should go Up.

In 2023, Stock price target for Nelcast Limited (NELCAST) are ₹135.7 on downside and ₹195.3 on upside. Nelcast Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Nelcast Limited (NELCAST) are ₹195.3 on downside and ₹208 on upside. Nelcast Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Nelcast Limited (NELCAST) are ₹208 on downside and ₹222.6 on upside. Nelcast 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 Nelcast Limited (NELCAST) will be around ₹240 Nelcast Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of NELCAST.

As per the fundamental analysis of Nelcast Limited (NELCAST), it is of Economical quality in terms of earnings and profit margins with an EPS of 6.25. Nelcast Limited book value per share as of today is 59.68. The current price to book ratio for NELCAST as of May 18, 2024 is 2.45.


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


Peer Comparison of NSE: NELCAST

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

Sector: Castings & Forgings

Company Price EPS BV
STEELCAS 663.25 37.47 106.33
BHARATFORG 1479.25 30.61 184.04
AIAENG 3792.65 119.75 684.46
RKFORGE 719.50 18.04 73.48
JAYNECOIND 49.20 2.16 23.31
ELECTCAST 176.60 11.91 68.71
MMFL 1127.25 55.93 285.3
ALICON 955.20 25.44 292
NELCAST 146.15 6.25 59.68
LGBFORGE 9.90 0 1.27
Updated at: 17 May 2024 15:47

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