May 15, 2022

Greaves cotton share price target | Udaanguru’s best prediction

Greaves Cotton Share price target:

Short-term target( Updated when necessary):

13 January 2022: As we discussed in ‘long term view‘ (scroll down to read), Greaves Cotton broke 180 levels and reached its first target of 250 for 2022( It made a high of 249.70 on 11 January). Now it is in the supply zone. 252 will act as a resistance. The next target would be 287.

23 November 2021: Market sentiment is very negative yet the stock is respecting the levels. Now the first target will be 162 and the support level is 150.

13th November 2021 update: As we discussed on 10th November 2021, the stock price fell when it reached near 150 levels now it has strong support near 130 levels.

Greaves cotton share has stuck in the 130 to 150 range. For the 140 to 150 zone, there is selling pressure. We predict that when it will break 150 levels on day end, its first target would be 164 to 171.

These levels are the outcome of my manual review process, not the computer-generated. The current price of the stock is 139.35. (noted on 10th November 2021).

A long-term view on Greaves cotton:

 Since 2015, the stock has stuck below 180 levels,

If it closes above these levels on month-end. Its price target would be 245 in 7 to 8 months. In 2022, the stock can reach this 250 level.

Greaves cotton share price target 2025

It will not be wise to decide the target of the stock for 2025. 2021 to 2025 is an enormous period. It’s better to predict the target maximum up to the next year, that also in steps.

If we talk about the business of the company, electric vehicles will be the major driving factor for the profitability of the company.

Product list:

Engines (hybrid, diesel, petrol, electric, CNG) for 3 wheelers and 4 wheelers.

Generator sets, agriculture equipment, electric vehicles,

The company also manufactures engines for fire pumps, marine equipment, etc.

Some competitors of Greaves Cotton and their target

Tata Motors: In 2020 and 2021, Tata Motors showed a brilliant performance. It can reach 700 levels in 2022. At present, it has a resistance of 532.

Hero Motocorp: Current support at 2300 and near-term target of 3735.

Tata Elxsi: Currently it is in an overbought condition. However, it has a target of 9000 levels in 2022.

Cummins India: Its first target is 1200 and second target 1500, however, it needs to cross the 1000 level.

 

The historical price movement of Greaves cotton:

Rainbow in 2004 to 2009 Period: The price of the share in September 2004 was around 15.

In April 2006 it reached near 90, It traded in 60 to 80 level till the year 2008. From 2008 to March 2009, it fell from these 80 levels to the low of 10.

In 5 years, it made a rainbow-like price pattern reaching again the same level.

After this fall, the stock was in an uptrend till March 2017. It will make its journey towards success after passing the 200 level.greaves cotton short term


Disclaimer:

The Stock Target price, Forecast, or Predictions provided here are only for reference & educational purposes.

The Data or Information provided may or may not be accurate or reliable for Investment & hence, should be used at one’s own risk. This is not an offer to sell or solicitation to buy any stock or index and Udaanguru.com will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.

Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, readers and subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek independent professional advice.


 

 

 

 

 

 

 

 

 

 

 

 

 

Sunny D

Hi, this is Sunny D. I have been exploring business, entrepreneurship, stock market, and growth factors for many years. Whatever I write here is the outcome of deep analysis and study. I love this work and my satisfaction is to provide value to my blog readers. Thank you!

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