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Nitiraj Engineers Limited
Share Price Target & Analysis

NSE:NITIRAJ

227.26

VWAP

224.00

Open

212

Close

230.70

High

220.15

Low

239.05

52 Week High

230.00 ⇧
10.25 (4.66%)

NITIRAJ

(Miscellaneous)
94.6% Momentum

Trending & Favourite

72.10

52 Week Low

4.34

EPS

154.37

PE

3.49

PB

Economical
Quality

Diamond
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 230.00, 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 4.34. NSE:NITIRAJ book value per share as of today is 65.93. The current price to book ratio for NITIRAJ as of May 18, 2024 is 3.49.

Valuation of the Stock: The current valuation of NITIRAJ 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 NITIRAJ whether to BUY this stock at current valuation. The delivery percentage of NITIRAJ is 76.44% is very crucial parameter which shows that 76.44% investors are anticipating that the price of NITIRAJ share should go up with VWAP at 227.26.

Now, the main question is whether to BUY or SELL, NSE:NITIRAJ at current valuation.
As per latest Analysis No. #657:-

⇑ 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 (May 18, 2024)

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

Nitiraj Engineers Limited share price moved Up by 4.66% from its previous close of Rs 212. NITIRAJ stock last traded price is 230.00. NITIRAJ share price trend is Up with a total of 1818 stocks traded till now. It has touched an intraday high of Rs 230.70 and an intraday low of Rs 220.15. The NITIRAJ trading at 230.00, Up by Rs. 10.25, or 4.66 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 4.66%. NITIRAJ share price short term trend is Up. It suggests that NITIRAJ Share Price for Tomorrow remains the same with VWAP at 227.26 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

 230.00

NITIRAJ Share Price Target Prediction for 2024 ^

 150 - 240.2

NITIRAJ Share Price Target Prediction for 2025*^

 240.2 - 255.9

NITIRAJ Share Price Target Prediction for 2026*^

 255.9 - 273.8

NITIRAJ Share Price Target Prediction for 2027*^

 287

NITIRAJ Share Price Target Prediction for 2028*^

 296

NITIRAJ Share Price Target Prediction for 2030*^

 322
NITIRAJ Current Book Value 2023
65.6

*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: @209.1

NITIRAJ Moving Averages

BUY (14) NEUTRAL (0) SELL (0)
MA Simple Action S1 Expo Action E2
MA_5 205.65 BUY 207.5 BUY
MA_12 203.79 BUY 203.19 BUY
MA_20 196.25 BUY 198.53 BUY
MA_32 187.84 BUY 191.23 BUY
MA_50 182.13 BUY 184.43 BUY
MA_100 168.88 BUY 170.15 BUY
MA_200 132.58 BUY 142.13 BUY

NITIRAJ Trend Oscillators

BUY (4) NEUTRAL (0) SELL (0)
Trend Oscillators Value Action
Bollinger Bands 196.25 Uptrend
MACD 0.29 BUY
ADX 33.63 Strong Trend
DMI (+/-) 33.48 / 15.88 Uptrend

NITIRAJ Momentum Oscillators

BUY (1) NEUTRAL (8) SELL (3)
Momentum Oscillators Value Action
RSI 60.64 Neutral
STOCHASTIC_K (Fast) 37.31 Neutral
STOCHASTIC_D (Slow) 21.81 Neutral
CCI 49.28 Neutral
PSAR 237.27 SELL
TRUE RANGE 9.1 SELL
ATR 10.74 SELL
WILLIAMS R -49.06 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 65.1 Neutral
STOCHASTIC RSI D 31.17 Neutral
MOMENTUM 34.1 BUY

NITIRAJ Last 1 Year Trend

Duration Value
1 Year 202.82%
3 Months 11.55%
1 Month 19.49%
1 Week -5.38%

NITIRAJ Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 63%
NEUTRAL / HOLD 27%
SELL 10%

Most popular Questions & Answers about NITIRAJ


Nitiraj Engineers Limited stock last traded price is 230.00. NITIRAJ share price moved Up by 4.66% from its previous close of Rs 212.

Nitiraj Engineers Limited share price trend is Up with a total of 1818 stocks traded till now. It has touched an intraday high of Rs 241.4405 and an intraday low of Rs 220.15. The NITIRAJ trading at 230.00, Up by Rs. 10.25, or 4.66 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 227.26.

The market cap of Nitiraj Engineers Limited is ₹77.9 (in Cr) as of May 17, 2024.

The current price to earning ratio for Nitiraj Engineers Limited as of May 17, 2024 is 154.37.

The current price to book ratio for Nitiraj Engineers Limited as of May 17, 2024 is 3.49.

The highest price of Nitiraj Engineers Limited stock is ₹239.05 in the last 52-week.

The lowest price of Nitiraj Engineers Limited stock is ₹72.10 in the last 52-week.

Nitiraj Engineers Limited share trading at ₹230.00, Up by Rs. 10.25, or 4.66 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 ₹150 on downside and ₹240.2 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 ₹240.2 on downside and ₹255.9 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 ₹255.9 on downside and ₹273.8 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 ₹296 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.

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 4.34. Nitiraj Engineers Limited book value per share as of today is 65.93. The current price to book ratio for NITIRAJ as of May 18, 2024 is 3.49.


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 529.50 13.85 63.92
LTTS 4467.90 118.96 443.29
QUESS 630.75 19.42 146.25
CRAFTSMAN 4437.20 93.52 731.71
ENGINERSIN 266.85 7.56 37.46
PITTIENG 875.15 28.14 129.88
SKIPPER 324.70 7.1 80.79
SALASAR 20.45 0.29 2.5
HERCULES 484.25 34.08 220.83
OMINFRAL 129.55 7.32 72.36
Updated at: 17 May 2024 15:40

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