Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

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.

Buy Alicon Castalloy; target of Rs 1159: Sharekhan

"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

Alicon Castalloy Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1311.50 Crore) operating in Auto Ancillaries sector.

Buy Alicon Castalloy, target price Rs 995: HDFC Securities

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 670 in its research report dated November 18, 2021.

Buy Alicon Castalloy: Target Of Rs 670: Sharekhan

Sharekhan is bullish on Alicon Castalloy has recommended buy rating on the stock with a target price of Rs 1056 in its research report dated November 18, 2021.

Buy Alicon Castalloy: Target Of Rs 1056: Sharekhan

Alicon Castalloy Limited is an India-based company, which is a provider of end-to-end aluminum casting solutions. The Company is the manufacturer of aluminum alloy dies castings mainly used in the automotive segment of the industry in India. The Company’s products also cover the non-auto sector of the industry. The Company serves automotive customers, such as two-wheelers, three-wheelers, passenger cars, multi-utility vehicles, multi-purpose vehicles, small commercial vehicles, medium and heavy commercial vehicles. The Company offers its solutions to a diverse range of industries, such as agriculture, infrastructure, energy, locomotive, medical and health, aero and marine defense. The Company also serves automotive customers in Europe and the United States through its European subsidiary Illichmann Castalloy. The Company's manufacturing plants are located at Shikrapur, Pune Maharashtra, Chinchwad, Pune Maharashtra, Binola, Haryana and Slovakia.

Alicon Castalloy Ltd

Alicon Castalloy Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Alicon Castalloy; target of Rs 1159: Sharekhan

News Video

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

Buy Alicon Castalloy; target of Rs 1111: Sharekhan

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

Buy Alicon Castalloy; target of Rs 940: Sharekhan

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

Alicon Castalloy Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Buy Alicon Castalloy; target of Rs 1159: Sharekhan

News Video

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

Buy Alicon Castalloy; target of Rs 1111: Sharekhan

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

Buy Alicon Castalloy; target of Rs 940: Sharekhan

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

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock