Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 999 in its research report dated July 27, 2023.

Buy Alicon Castalloy; target of Rs 999: Sharekhan

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 895 in its research report dated May 18, 2023.

Buy Alicon Castalloy; target of Rs 895: Sharekhan

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 1159 in its research report dated February 13, 2023.

Buy Alicon Castalloy; target of Rs 1159: Sharekhan

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 1159 in its research report dated November 15, 2022.

"Alicon Castalloy has been in a consolidation phase for the last 18 months. During this time, it has witnessed incremental volumes which imply there has been strong accumulation. The stock is now giving a strong breakout from this consolidation phase with strong volumes," Gaurav Bissa, VP, InCred Equities, said.

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Stock Radar: Alicon Castalloy a buy for a target of Rs 1,150, says Gaurav Bissa

Alicon Castalloy consolidated net profit rises 407.95% in the September 2022 quarter

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 1111 in its research report dated September 26, 2022.

Buy Alicon Castalloy; target of Rs 1111: Sharekhan

Alicon Castalloy on Monday announced that it has been selected by Jaguar Land Rover (JLR) in the United Kingdom to supply the eAxle Housing, a critical product for their eMobility platform.

Alicon Castalloy bags large, multi-year order from Jaguar Land Rover for eMobility platform

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 940 in its research report dated August 16, 2022.

Buy Alicon Castalloy; target of Rs 940: Sharekhan

Alicon Castalloy consolidated net profit declines 47.85% in the March 2022 quarter

Most investors have chosen the “spray and pray” approach — invest across the spectrum instead of one company (in OEMs such as Tata Motors or TVS; in auto ancillaries like Greaves Cotton, Alicon Castalloy or Minda, and in software developers like Tata Elxsi or KPIT)

EVs are a reality. But no one knows how it will play out, and when

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Alicon Castalloy Limited is engaged in the design, engineering, casting, machining, painting and surface treatment of aluminium components and die castings. 