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ALICON Share Price Target

Alicon Castalloy Ltd.
NSE: ALICON | BSE: 531147 | ISIN: INE062D01024 | Sector: Engineering


0/5 (0 Ratings)
ALICON Share Price *
358.3 -1.65 (-0.46%)
* (quote may be delayed)

1 ALICON share price target reports by brokerages below. See what is analyst's view on ALICON share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.

You can also find ALICON share price target tomorrow or next week from ALICON discussion forum.

ALICON Share Price Forecast - Consensus
No. of reports in last year
No. of analysts
Average Consensus Forecast
Consensus Potential

ALICON Share Price Target - Broker Reports - 2019

Price @ Call: 381.9
Target: 657
The company had established a Vision G-5 2021-22 – under which, the company aims to be one of the leading global 5 casting companies in terms of capabilities and achieve a topline of Rs.2,000 cr by FY22. However, looking at the current headwinds in the Indian auto industry, we believe, this is going to be delayed by a year or two. Considering the current slowdown and weak two- wheeler sales, we remain conservative and expect growth to remain slow during the current fiscal and with new products and contracts start contributing from next fiscal onwards, the growth is likely to be stronger. We expect the company to deliver an earnings per share of Rs.43.8 in FY21 as against Rs.38.8 in FY19. Assigning a target multiple of 15x, we derive a price target of Rs.657 over the next 18-24 months, which is an upside of ~66% from current levels. At current level of Rs.395, the stock trades at less than 10.0x of estimated FY21 earnings, which we believe makes it a compelling BUY.
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  • ALICON - Share Price Target Potential

    Sushil Finance65745.21%
  • ALICON Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 3395.4
    Upside Target 2386.7
    Upside Target 1372.5
    Downside Target 1349.6
    Downside Target 2340.9
    Downside Target 3326.7
  • ALICON Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 3405.67
    Upside Target 2395.33
    Upside Target 1380.87
    Downside Target 1356.07
    Downside Target 2345.73
    Downside Target 3331.27
  • ALICON Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 3515.52
    Upside Target 2482.98
    Upside Target 1435.07
    Downside Target 1354.62
    Downside Target 2322.08
    Downside Target 3274.17
  • ALICON Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 3386.7
    Upside Target 2377.95
    Upside Target 1372.55
    Downside Target 1355.05
    Downside Target 2349.65
    Downside Target 3340.9
  • ALICON Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 3395.33
    Upside Target 2385.86
    Upside Target 1380.01
    Downside Target 1361.06
    Downside Target 2355.21
    Downside Target 3345.73
  • ALICON Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 3482.98
    Upside Target 2452.25
    Upside Target 1433.27
    Downside Target 1371.8
    Downside Target 2352.82
    Downside Target 3322.08
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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