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Prakash Steelage Limited
Share Price Target & Analysis

NSE:PRAKASHSTL

8.02

VWAP

8.13

Open

7.97

Close

8.36

High

7.95

Low

16.2

52 Week High

8.00 ⇧
0.03 (0.38%)

PRAKASHSTL

(METALS)
24.8% Momentum

Turnaround Potential

5.3

52 Week Low

2.08

EPS

29.98

PE

18.18

PB

Outstanding
Quality

Iron
Valuation

#Analysis

NSE: PRAKASHSTL Share Price Financial Analysis & Valuation

Prakash Steelage Limited (PRAKASHSTL) is broadly categorized in METALS segment industry which deals in Steel - Tubes & Pipes vertical. It is one of Micro Cap company with Market Capitalization of Rs 117.4 (in Cr). Total number of free float shares are 17.5 (in Lacs). Prakash Steelage Limited is listed on NSE with Exchange ID - INE696K01024 and trading code is NSE:PRAKASHSTL with short name Prakash Steelag.

In the past 1 year, Prakash Steelage Limited has declared an equity dividend of Rs 0 per share. At the current share price of PRAKASHSTL at Rs 8.00, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:PRAKASHSTL, it is clearly understood that PRAKASHSTL is Outstanding performer in terms of earnings and profit margins with an EPS of 2.08. NSE:PRAKASHSTL book value per share as of today is 0.44. The current price to book ratio for PRAKASHSTL as of Nov 23, 2024 is 18.18.

Valuation of the Stock: The current valuation of PRAKASHSTL stock is like Iron which means currently the stock is Inexpensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of PRAKASHSTL whether to BUY this stock at current valuation. The delivery percentage of PRAKASHSTL is 66.93% is very crucial parameter which shows that 66.93% investors are anticipating that the price of PRAKASHSTL share should go up with VWAP at 8.02.

Now, the main question is whether to BUY or SELL, NSE:PRAKASHSTL at current valuation.
As per latest Analysis No. #6771:-

⇑ STRONG BUY PRAKASHSTL if All Greens

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

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

⇘ SELL PRAKASHSTL if NO Green Indicator

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

(Prakash Steelage Limited Daily Analysis on the basis of PRAKASHSTL Intraday Graph & Trend)

Prakash Steelage Limited share price moved Up by 0.38% from its previous close of Rs 7.97. PRAKASHSTL stock last traded price is 8.00. PRAKASHSTL share price trend is Up with a total of 282042 stocks traded till now. It has touched an intraday high of Rs 8.36 and an intraday low of Rs 7.95. The PRAKASHSTL trading at 8.00, Up by Rs. 0.03, or 0.38 percent which suggests that most of the Traders are anticipating that the price of PRAKASHSTL share should go Up.

NSE: PRAKASHSTL Share Price Tomorrow Prediction

(Prakash Steelage Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of PRAKASHSTL)

Prakash Steelage Limited share price moved Up by 0.38%. PRAKASHSTL share price short term trend is Up. It suggests that PRAKASHSTL Share Price for Tomorrow remains the same with VWAP at 8.02 will be treated as stop loss for intraday traders. Prakash Steelage Limited Long term investors can follow the PRAKASHSTL long term trend as mentiond in future forecast table.

NSE Code

NSE: PRAKASHSTL

PRAKASHSTL Share Price Today

 8.00

PRAKASHSTL Share Price Target Prediction for 2024 ^

 5.6 - 12.3

PRAKASHSTL Share Price Target Prediction for 2025*^

 12.3 - 19.5

PRAKASHSTL Share Price Target Prediction for 2026*^

 19.5 - 21.3

PRAKASHSTL Share Price Target Prediction for 2027*^

 22

PRAKASHSTL Share Price Target Prediction for 2028*^

 24

PRAKASHSTL Share Price Target Prediction for 2030*^

 26
PRAKASHSTL Current Book Value 2023
0.4

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

PRAKASHSTL Technical Analysis

Candlestick Pattern: @8.12

PRAKASHSTL Moving Averages

BUY (0) NEUTRAL (0) SELL (14)
MA Simple Action S1 Expo Action E2
MA_5 8.49 SELL 8.43 SELL
MA_12 8.65 SELL 8.56 SELL
MA_20 8.53 SELL 8.6 SELL
MA_32 8.68 SELL 8.69 SELL
MA_50 8.81 SELL 8.78 SELL
MA_100 9.09 SELL 8.88 SELL
MA_200 8.97 SELL 8.63 SELL

PRAKASHSTL Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 8.53 Downtrend
MACD -0.02 SELL
ADX 20.18 NO or Weak Trend
DMI (+/-) 11.24 / 26.44 Downtrend

PRAKASHSTL Momentum Oscillators

BUY (1) NEUTRAL (5) SELL (6)
Momentum Oscillators Value Action
RSI 40.06 Neutral
STOCHASTIC_K (Fast) 12.77 Oversold
STOCHASTIC_D (Slow) 18.29 Oversold
CCI -129.45 SELL
PSAR 7.92 BUY
TRUE RANGE 0.35 Neutral
ATR 0.49 Neutral
WILLIAMS R -71.07 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 0 Oversold
STOCHASTIC RSI D 10.25 Oversold
MOMENTUM -0.66 SELL

PRAKASHSTL Last 1 Year Trend

Duration Value
1 Year 43.72%
3 Months -14.26%
1 Month -7.52%
1 Week -7.31%

PRAKASHSTL Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 3%
NEUTRAL / HOLD 20%
SELL 77%

Most popular Questions & Answers about PRAKASHSTL


Prakash Steelage Limited stock last traded price is 8.00. PRAKASHSTL share price moved Up by 0.38% from its previous close of Rs 7.97.

Prakash Steelage Limited share price trend is Up with a total of 282042 stocks traded till now. It has touched an intraday high of Rs 18.061 and an intraday low of Rs 7.95. The PRAKASHSTL trading at 8.00, Up by Rs. 0.03, or 0.38 percent which suggests that most of the Traders are anticipating that the price of PRAKASHSTL share should go Up and the Stop Loss will be around 8.02.

The market cap of Prakash Steelage Limited is ₹117.4 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Prakash Steelage Limited as of Nov 22, 2024 is 29.98.

The current price to book ratio for Prakash Steelage Limited as of Nov 22, 2024 is 18.18.

The highest price of Prakash Steelage Limited stock is ₹16.2 in the last 52-week.

The lowest price of Prakash Steelage Limited stock is ₹5.3 in the last 52-week.

Prakash Steelage Limited share trading at ₹8.00, Up by Rs. 0.03, or 0.38 percent which suggests that most of the traders are anticipating that the price of PRAKASHSTL share should go Up.

In 2023, Stock price target for Prakash Steelage Limited (PRAKASHSTL) are ₹5.6 on downside and ₹12.3 on upside. Prakash Steelage Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Prakash Steelage Limited (PRAKASHSTL) are ₹12.3 on downside and ₹19.5 on upside. Prakash Steelage Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Prakash Steelage Limited (PRAKASHSTL) are ₹19.5 on downside and ₹21.3 on upside. Prakash Steelage 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 Prakash Steelage Limited (PRAKASHSTL) will be around ₹24 Prakash Steelage Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of PRAKASHSTL.

The price of Prakash Steelage Limited (PRAKASHSTL) shares moved by 0.38%. The short-term trend for PRAKASHSTL share price is Up. It implies that the share price of PRAKASHSTL will stay the same tomorrow and that intraday traders should treat VWAP at 8.02 as a stop loss. Investors with a long-term outlook can track PRAKASHSTL long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of PRAKASHSTL stock is 24.9. Compared to the current market price of 8.00 INR, the PRAKASHSTL stock is Undervalued by 67.9%.

As per the fundamental analysis of Prakash Steelage Limited (PRAKASHSTL), it is of Outstanding quality in terms of earnings and profit margins with an EPS of 2.08. Prakash Steelage Limited book value per share as of today is 0.44. The current price to book ratio for PRAKASHSTL as of Nov 23, 2024 is 18.18.


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


Peer Comparison of NSE: PRAKASHSTL

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

Sector: Steel - Tubes & Pipes

Company Price EPS BV
APLAPOLLO 1418.25 9.32 104.11
RATNAMANI 3466.25 72.81 459.57
WELCORP 700.60 16.48 135.86
MAHSEAMLES 641.00 64.46 418.64
JINDALSAW 297.00 29.78 159.36
SURYAROSNI 565.05 29.63 198.83
GOODLUCK 944.00 44.83 311.61
HITECH 165.30 2.41 25.65
MANINDS 297.65 17.55 195.65
GANDHITUBE 755.25 47.84 183.33
Updated at: 22 Nov 2024 15:49

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