Suprajit Engineering Share Price Target From 2024 To 2030:- Suprajit Engineering Ltd is one of India’s leading manufacturers of automotive components, specializing in cables and lamps for vehicles. Founded in 1985, the company has grown to become a trusted supplier to major automobile manufacturers in India and globally. It serves a wide range of sectors, including two-wheelers, four-wheelers, and non-automotive industries, providing high-quality, durable components. This article will provide more details on Suprajit Engineering Share Price Target 2024, 2025, 2026 to 2030.
Current Performance Overview For Suprajit Engineering Share Price
Before diving into the destiny projections, allow’s check the current inventory marketplace overall performance of Suprajit Engineering.
- Current Price: ₹495.10
- Open Price: ₹505.80
- High Price: ₹505.80
- Low Price: ₹485.85
- Mkt cap: ₹6.79KCr
- P/E ratio: 39.86
- Div yield: 0.50%
- 52-wk high: ₹639.60
- 52-wk low: ₹353.75
Suprajit Engineering Share Price Chart
Shareholding Pattern For Suprajit Engineering Share Price
Before diving into the destiny projections, allow’s check the current inventory marketplace overall performance of Suprajit Engineering.
- Promoter: 44.6%
- FII: 6.3%
- DII: 17.2%
- Public: 31.9%
Suprajit Engineering Share Price Target From 2024 To 2030
| Target Years | Share Price Target |
| 2024 | ₹540 |
| 2025 | ₹720 |
| 2026 | ₹845 |
| 2027 | ₹967 |
| 2028 | ₹1047 |
| 2029 | ₹1128 |
| 2030 | ₹1290 |
Factors Driving Suprajit Engineering Share Price Growth
Here are seven key factors driving the growth of Suprajit Engineering’s share price:
- Strong Automotive Demand
Suprajit Engineering is a leading manufacturer of automotive components like cables, lamps, and speedometers. With rising demand for automobiles in both domestic and global markets, the company benefits from higher sales of its components, boosting revenue and driving up its share price. - Diversified Product Portfolio
Suprajit Engineering has a wide range of products that serve different industries, including two-wheelers, four-wheelers, and non-automotive sectors. This diversified portfolio helps the company mitigate risks associated with any one industry, ensuring stable revenue streams, which contributes to positive stock performance. - Expansion into Global Markets
The company has a strong global presence, exporting products to several countries. By tapping into international markets, Suprajit Engineering is able to increase its customer base and diversify its revenue sources. This global expansion has a positive impact on the company’s share price as it opens up new growth opportunities. - Strategic Acquisitions
Suprajit Engineering has made several strategic acquisitions over the years to enhance its product offerings and expand its market reach. These acquisitions have allowed the company to integrate new technologies and strengthen its position in the industry. Such growth through acquisitions often boosts investor confidence and supports share price growth. - Focus on Innovation and R&D
The company invests heavily in research and development to improve its product quality and efficiency. Continuous innovation in automotive components allows Suprajit Engineering to stay ahead of competitors, attract more customers, and increase market share, which positively affects its stock performance. - Government Policies Favoring Manufacturing
The Indian government’s push for “Make in India” and other manufacturing-friendly policies provide a favorable environment for companies like Suprajit Engineering. These policies encourage domestic production, reduce import dependency, and boost manufacturing activities, which can lead to higher sales and a rising share price. -
Increasing Focus on Electric Vehicles (EVs)
With the growing trend of electric vehicles, Suprajit Engineering has started focusing on supplying components for the EV market. As demand for EVs increases, the company’s ability to serve this segment provides additional growth prospects, attracting more investors and driving up the share price.
Potential Risks For Suprajit Engineering Share Price
Here are seven potential risks that could affect Suprajit Engineering’s share price:
- Dependence on the Automotive Industry
A significant portion of Suprajit Engineering’s revenue comes from the automotive sector. Any slowdown in the automotive industry, whether due to economic downturns or changing consumer preferences, could lead to reduced demand for the company’s products, negatively impacting its sales and share price. - Fluctuations in Raw Material Prices
The company relies on materials like steel, rubber, and plastic to manufacture its components. Any sudden increase in raw material prices can raise production costs, squeezing profit margins. If the company is unable to pass these costs onto customers, it could affect profitability and lead to a decline in its share price. - Currency Exchange Rate Volatility
Suprajit Engineering exports its products to various international markets, making it vulnerable to currency fluctuations. A strengthening Indian Rupee could make the company’s exports less competitive globally, impacting its revenue from foreign markets and negatively affecting the stock performance. - Technological Disruptions in the Automotive Sector
The rapid technological advancements in the automotive industry, particularly in electric vehicles (EVs) and autonomous driving, may pose a risk if Suprajit Engineering does not adapt quickly enough. If the company fails to align its products with new technologies, it could lose market share, which would harm its stock price. - Regulatory and Compliance Risks
Changes in environmental regulations, labor laws, or safety standards could increase operational costs for Suprajit Engineering. Non-compliance with these regulations could also lead to penalties or legal issues. Such regulatory risks can affect the company’s profitability and investor confidence, leading to a decline in share price. - Competitive Pressures
The automotive component industry is highly competitive, with both domestic and international players vying for market share. If Suprajit Engineering fails to maintain its competitive edge in terms of pricing, quality, or innovation, it may lose customers to rivals. This could result in reduced sales and a drop in the share price. -
Global Economic Uncertainty
The company’s performance is influenced by global economic conditions. Any economic downturn, whether due to geopolitical tensions, trade wars, or a recession, could lead to reduced demand for automobiles and, by extension, Suprajit Engineering’s products. This would negatively affect the company’s revenues and stock price.
