Kritika wires share price target 2025 to 2030

Dear Friends, Today we will learn about the company, Kritika wires. Also, we will discuss Kritika wires share price target 2025 to Kritika wires share price target 2030. Today we will learn about the fundamental as well as technical chart of the company’s share price.

Kritika wires – About the company

Before we proceed to Kritika wires share price target 2025, we will look at the brief history of the company. Kritika wires was founded by Mr. Naresh Kumar Agarwal in the year 2004. The company is part of the “Jai Hanuman Group”. It is engaged in the manufacturing of Steel and galvanized wires. The company caters to the State electricity boards, power grid corp., etc.

Kritika wires share price – Fundamentals

The current market cap of the company is Rs 182 cr and the price-to-earnings is 28.5. The current market price of Kritika wires is Rs 20.5 and the book value is 8. The ROCE and ROE of Kritika wires are 11.5% and 8.2% respectively. The 52-week high and low of the company are Rs 23.4 and Rs 6.6 respectively. The debtor days of the company have improved from 94 days to 65 days. The working capital requirements of the company have been reduced from 117 to 80 days. The stock price target CAGR (Compounded Annual Growth Rate) of the last five years is 23%. The sales growth of the company is 18% over the last three years. The shareholding pattern of the company is unavailable. For more information on the fundamentals, pls click here.

Technical Analysis – Kritika wires share price

We will be looking at the technical chart of the share price of Kritika wires. Below is the technical chart of Kritika wires weekly share price movement.

The share price of Kritika wires in 2022 is Rs 7.35. The price reached a high of Rs 23.2, which is highlighted at point A. We will get back to this area in a moment. The price of Kritika wires reached a high of Rs 43 in the month of September 2022 and then retraced to the lows of Rs 7.35 again. The price is again on the move upwards and reached point 2. Once you draw the trendline, you can see that this can be considered as a downward channel trend. Once this gets passed at point B, the price is out of the consolidation area. Now the share price of Kritika wires has reached a high of point C and retracted. Now let’s see the trendline drawn from point A to point C. Point A high is acting as a resistance and once the stock passes this, it will be a journey towards the previous high of Rs 43 in the coming weeks.

Kritika wires share price target 2025 to 2030

The share price target of Kritika wires 2025 is Rs 25 as the price might consolidate for some time. The above chart depicts the bar chart of the target price of Kritika wires.

Conclusion

The above blog post is only for educational purposes. This is not to influence anyone’s decisions on their investment strategies. We are not SEBI-registered analysts. The readers are advised to consult their financial advisors before making any decision related to their investments. The readers who wish to learn more please check the links below:

1. Tata Motors share price target 2025
2. Dixon share price target 2025
3. Suzlon share price target 2025
4. IEX share price target 2025
5. Yes bank share price target 2025
6. TCS share price target 2025
7. Titan share price target 2025
8. Bajaj Finance share price target 2025
9. ITC share price target 2025
10. ICICI bank share price target 2025