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Nitiraj Engineers Limited
Share Price Target & Analysis

NSE:NITIRAJ

216.46

VWAP

215

Open

213.16

Close

220

High

213

Low

303

52 Week High

216.05 ⇧
2.89 (1.36%)

NITIRAJ

(Miscellaneous)
55.4% Momentum

Turnaround Potential

108.05

52 Week Low

7.74

EPS

135.71

PE

2.78

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: NITIRAJ Share Price Financial Analysis & Valuation

Nitiraj Engineers Limited (NITIRAJ) is broadly categorized in Miscellaneous segment industry which deals in Engineering vertical. It is one of Micro Cap company with Market Capitalization of Rs 77.9 (in Cr). Total number of free float shares are 0 (in Lacs). Nitiraj Engineers Limited is listed on NSE with Exchange ID - INE439T01012 and trading code is NSE:NITIRAJ with short name Nitiraj Enginee.

In the past 1 year, Nitiraj Engineers Limited has declared an equity dividend of Rs 0 per share. At the current share price of NITIRAJ at Rs 216.05, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:NITIRAJ, it is clearly understood that NITIRAJ is Economical performer in terms of earnings and profit margins with an EPS of 7.74. NSE:NITIRAJ book value per share as of today is 77.71. The current price to book ratio for NITIRAJ as of Nov 23, 2024 is 2.78.

Valuation of the Stock: The current valuation of NITIRAJ stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of NITIRAJ whether to BUY this stock at current valuation. The delivery percentage of NITIRAJ is 67.58% is very crucial parameter which shows that 67.58% investors are anticipating that the price of NITIRAJ share should go up with VWAP at 216.46.

Now, the main question is whether to BUY or SELL, NSE:NITIRAJ at current valuation.
As per latest Analysis No. #874:-

⇑ STRONG BUY NITIRAJ if All Greens

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

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

⇘ SELL NITIRAJ if NO Green Indicator

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

(Nitiraj Engineers Limited Daily Analysis on the basis of NITIRAJ Intraday Graph & Trend)

Nitiraj Engineers Limited share price moved Up by 1.36% from its previous close of Rs 213.16. NITIRAJ stock last traded price is 216.05. NITIRAJ share price trend is Up with a total of 8229 stocks traded till now. It has touched an intraday high of Rs 220 and an intraday low of Rs 213. The NITIRAJ trading at 216.05, Up by Rs. 2.89, or 1.36 percent which suggests that most of the Traders are anticipating that the price of NITIRAJ share should go Up.

NSE: NITIRAJ Share Price Tomorrow Prediction

(Nitiraj Engineers Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of NITIRAJ)

Nitiraj Engineers Limited share price moved Up by 1.36%. NITIRAJ share price short term trend is Up. It suggests that NITIRAJ Share Price for Tomorrow remains the same with VWAP at 216.46 will be treated as stop loss for intraday traders. Nitiraj Engineers Limited Long term investors can follow the NITIRAJ long term trend as mentiond in future forecast table.

NSE Code

NSE: NITIRAJ

NITIRAJ Share Price Today

 216.05

NITIRAJ Share Price Target Prediction for 2024 ^

 198 - 304.5

NITIRAJ Share Price Target Prediction for 2025*^

 304.5 - 324.4

NITIRAJ Share Price Target Prediction for 2026*^

 324.4 - 347.1

NITIRAJ Share Price Target Prediction for 2027*^

 364

NITIRAJ Share Price Target Prediction for 2028*^

 375

NITIRAJ Share Price Target Prediction for 2030*^

 409
NITIRAJ Current Book Value 2023
77.3

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

NITIRAJ Technical Analysis

Candlestick Pattern: @212.97

NITIRAJ Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 219.17 SELL 217.87 SELL
MA_12 233.63 SELL 228.72 SELL
MA_20 235.98 SELL 233.04 SELL
MA_32 242.5 SELL 237.3 SELL
MA_50 239.73 SELL 239.75 SELL
MA_100 250.97 SELL 239.39 SELL
MA_200 222.18 SELL 216.78 SELL

NITIRAJ Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 235.98 Downtrend
MACD -3.67 SELL
ADX 13.2 NO or Weak Trend
DMI (+/-) 12.37 / 23.65 Downtrend

NITIRAJ Momentum Oscillators

BUY (0) NEUTRAL (7) SELL (5)
Momentum Oscillators Value Action
RSI 39.07 Neutral
STOCHASTIC_K (Fast) 31.03 Neutral
STOCHASTIC_D (Slow) 13.68 Oversold
CCI -171.01 SELL
PSAR 259.67 SELL
TRUE RANGE 32.77 Neutral
ATR 19.12 Neutral
WILLIAMS R -65.62 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 53.45 Neutral
STOCHASTIC RSI D 17.82 Oversold
MOMENTUM -31.43 SELL

NITIRAJ Last 1 Year Trend

Duration Value
1 Year 94.14%
3 Months -23.43%
1 Month -12.86%
1 Week -10.06%

NITIRAJ Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 0%
NEUTRAL / HOLD 27%
SELL 73%

Most popular Questions & Answers about NITIRAJ


Nitiraj Engineers Limited stock last traded price is 216.05. NITIRAJ share price moved Up by 1.36% from its previous close of Rs 213.16.

Nitiraj Engineers Limited share price trend is Up with a total of 8229 stocks traded till now. It has touched an intraday high of Rs 306.03 and an intraday low of Rs 213. The NITIRAJ trading at 216.05, Up by Rs. 2.89, or 1.36 percent which suggests that most of the Traders are anticipating that the price of NITIRAJ share should go Up and the Stop Loss will be around 216.46.

The market cap of Nitiraj Engineers Limited is ₹77.9 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Nitiraj Engineers Limited as of Nov 22, 2024 is 135.71.

The current price to book ratio for Nitiraj Engineers Limited as of Nov 22, 2024 is 2.78.

The highest price of Nitiraj Engineers Limited stock is ₹303 in the last 52-week.

The lowest price of Nitiraj Engineers Limited stock is ₹108.05 in the last 52-week.

Nitiraj Engineers Limited share trading at ₹216.05, Up by Rs. 2.89, or 1.36 percent which suggests that most of the traders are anticipating that the price of NITIRAJ share should go Up.

In 2023, Stock price target for Nitiraj Engineers Limited (NITIRAJ) are ₹198 on downside and ₹304.5 on upside. Nitiraj Engineers Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Nitiraj Engineers Limited (NITIRAJ) are ₹304.5 on downside and ₹324.4 on upside. Nitiraj Engineers Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Nitiraj Engineers Limited (NITIRAJ) are ₹324.4 on downside and ₹347.1 on upside. Nitiraj Engineers 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 Nitiraj Engineers Limited (NITIRAJ) will be around ₹375 Nitiraj Engineers Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of NITIRAJ.

The price of Nitiraj Engineers Limited (NITIRAJ) shares moved by 1.36%. The short-term trend for NITIRAJ share price is Up. It implies that the share price of NITIRAJ will stay the same tomorrow and that intraday traders should treat VWAP at 216.46 as a stop loss. Investors with a long-term outlook can track NITIRAJ long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of NITIRAJ stock is 92.8. Compared to the current market price of 216.05 INR, the NITIRAJ stock is Overvalued by 57%.

As per the fundamental analysis of Nitiraj Engineers Limited (NITIRAJ), it is of Economical quality in terms of earnings and profit margins with an EPS of 7.74. Nitiraj Engineers Limited book value per share as of today is 77.71. The current price to book ratio for NITIRAJ as of Nov 23, 2024 is 2.78.


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


Peer Comparison of NSE: NITIRAJ

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

Sector: Engineering

Company Price EPS BV
IONEXCHANG 626.55 14.83 73.25
LTTS 5307.00 118.66 477.23
BEWLTD 228.70 0 51.68
QUESS 644.30 29.77 180.93
CRAFTSMAN 5210.60 59.4 648.63
ENGINERSIN 180.88 4.89 41.12
PITTIENG 1342.75 30.29 117.86
SKIPPER 531.70 10.19 84.68
SALASAR 16.21 0.29 2.68
HERCULES 234.22 13.22 296.23
Updated at: 22 Nov 2024 15:31

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