This article concerns share price targets for the next 10 to 15 years based on technical analysis, fundamental goals, and past performance. The estimated Ultracab share price target 2024 to 2030, and 2035 are shown below.
Overview
Name: Ultracab
Headquarters: Gujarat, India
Founded: 1996
Industry: Electrical and Electronics Industry
Ultracab is an Indian electric cables and wires manufacturer and supplier, incorporated in 1996, Headquartered in Gujarat, India. Ultracab has developed to become a major player in the cable market, serving a variety of industries such as construction, automotive, telecommunications, and power distribution.
The company is involved in manufacturing domestic cables such as PVC power & control cables, house or building cables, instrumental, TV, PVC, XLPE cables, industrial, auto, elevator, solar, welding, multi and single-core wires, etc.
Table of Contents
Ultracab share price target 2024 to 2030 and 2035
Ultracab Share Price Targets are: 2024 – 15.90 to 21, 2025 – 18 to 29, 2026 – 30 to 36, 2027 – 45 to 50, 2028 – 41 to 52, 2029 – 68 to 79, 2030 – 80 to 88 and price forecasted 123 to 158 by 2035.
| Year | First target | Second target |
| 2024 | 15.90 | 21 |
| 2025 | 18 | 29 |
| 2026 | 30 | 36 |
| 2027 | 45 | 50 |
| 2028 | 41 | 52 |
| 2029 | 68 | 79 |
| 2030 | 80 | 88 |
| 2035 | 123 | 158 |
Ultracab share price target 2024
The BSE listed Ultracab Wires & Cables Ltd. under the symbol ULTRACAB as of 10 October 2014. The company’s closing share price as of September 18, 2024, was 17.31. It is not a fixed share price; fluctuation happens every second in the open market.
Ultracab share price target 2024 is 15.90 as the first target and 21 as the second target.
| Month | First target | Second target |
| August | 15.30 | 16.50 |
| November | 15.90 | 18 |
| December | 20 | 21 |
Ultracab share price target 2025
Ultracab initial forecasted share value for the beginning of 2025 is 17.50. The semi-annual price forecast may rise to 18 in a positive market sentiment. The price at the end of the year is forecast at 29.
| Month | First target | Second target |
| January | 17.50 | 18 |
| May | 17 | 19.63 |
| September | 20 | 22 |
| December | 25 | 29 |
Ultracab share price target 2026
Ultracab initial forecasted share value for the beginning of 2026 is 25. The semi-annual price forecast may rise to 30 in a positive market sentiment. The price at the end of the year is forecast at 36.
| Month | First target | Second target |
| January | 21 | 25 |
| May | 27 | 28.50 |
| September | 30 | 33 |
| December | 34 | 36 |
Ultracab share price target 2027
Revenue has grown by 15% YoY, and expenses rose by 16%. The company made a profit after tax of Rs. 597.83 lakhs in the financial year 2024 compared to 581.70 lakhs in the financial year 2023. Overall, the financials are good. Looking at these highlights, we assume the Ultracab share price target 2027 is 39 at the beginning, 45 at the middle of the year, and 50 at the end of the year.
| Month | First target | Second target |
| January | 37.43 | 39 |
| May | 41 | 43.20 |
| September | 45 | 48 |
| December | 48.30 | 50 |
Ultracab share price target 2028
Ultracab share price target 2028 is 39.10 at the start of the financial year. The price was forecast at 41 in the middle of the year with some price consolidation for some months, and the projected share price is 52 at the end of the year.
| Month | First target | Second target |
| January | 38 | 39.10 |
| May | 39 | 40 |
| September | 41 | 47 |
| December | 49 | 52 |
Ultracab share price target 2029
Ultracab share price target 2029 is expected to reach 68 to 79, with some consolidation zones. The initial forecasted share value for the beginning of the year is 55. The semi-annual price forecast may rise to 68 in a positive market sentiment. The price at the end of 2029 is forecast at 75 to 79.
| Month | First target | Second target |
| January | 53 | 55 |
| May | 57 | 60.10 |
| September | 68 | 72 |
| December | 75 | 79 |
Ultracab share price target 2030
The initial price target of Ultracab is 77 at the beginning of the year 2030. The half-yearly price forecast can rise to 80 in a positive market situation. The price at the end of the year is forecast to 88.
| Month | First target | Second target |
| January | 75 | 77 |
| May | 79 | 80 |
| September | 82 | 85 |
| December | 86 | 88 |
Also, read Mazagon Dock share price target
Ultracab share price target 2035
Depending on company economics and sector demand and supply with a favorable trend pattern, we may assume the target price of Ultracab share price target 2035 to be 123 at the beginning of the year, 125 at the middle of the year, and 158 at the end of the financial year.
What is Ultracab?
Ultracab is a cable manufacturing company in India, incorporated in 1996, its corporate office is in Gujarat, India. The company is involved in developing various household, industrial, international, domestic, and special electric cables and wires.
What is Ultracab share price target for 2024?
Ultracab share price target 2024 is 15.90 as the first target and 21 as the second target.
What is Ultracab share price target for 2025?
Mazagon Dock share price target 2025 is 18 as the first target and 29 as the second target.
Conclusion
This article presents Ultracab share price target 2024 to 2030 and 2035. Targets are mentioned based on technical and fundamental analysis. stock may be corrected by any news or by companies’ poor or good results. Consider it a proposed level of guidance and not a recommendation. The stock market has high risk and unpredictable moves; invest with your risk appetite and a well-researched advisory.