Alankit Share Price Target From 2024 to 2030: Alankit Limited is one of the most sought after brands in the financial service and e-governance segment of India catering to financial advisory, e-governance, insurance, and health. This diversified business stream has brought it closer to the acceptable list of investors day by day. In this piece, we will discuss the comprehensive review of share price trends, key fundamentals, and predictions from 2024 to 2030.
Current Market Performance For Alankit Share Price
- Open: 22.00 INR
- High: 22.28 INR
- Low: 21.10 INR
- Market Cap: 575.70 Cr
- P/E Ratio: 20.62
- 52-Week High: 29.61 INR
- 52-Week Low: 14.80 INR
- Current Price: 21.39 INR (+34.95% in the last one year)
Shareholding Pattern For Alankit Share Price
- Promoters: 54.15% (No change in the September 2024 quarter)
- Retail and Others: 45.47%
- Foreign Institutions: 0.37% Compared with 0.60% in September 2024 quarter
- Other Domestic Institutions: 0.01%
More Details For Alankit Share Price:
- Number of FII/FPI investors decreased from 6 to 3 in the quarter over September 2024.
- It is approaching to 0.38% compared with the earlier years that was at 0.61% in the same period.
Alankit Share Price Target (2024-2030)
The Alankit Share price target which is estimated keeping in view good fundamentals and all-around growth in the company goes as follows:
| Year | Share Price Target |
| 2024 | ₹30 |
| 2025 | ₹45 |
| 2026 | ₹60 |
| 2027 | ₹75 |
| 2028 | ₹90 |
| 2029 | ₹120 |
| 2030 | ₹150 |
Underlying reasons for company growth in Alankit Share Price
1. E-governance and Finance: The position in e-governance as well as in finance gives a strong ground to its competitiveness. The company has enabled solutions that come with confluence with the Indian govt’s Digital India initiative.
2. Diversified Business Model: The company has diversified into financial advisory, insurance, and healthcare so that it generates revenues at all times during the economic cycle.
3. Promoter Confidence: Consistent promoter holding at 54.15% depicts confidence of promoters regarding future prospects of the company.
4. Innovation Focus: Cutting-edge technology utilization and focus on emerging markets puts Alankit far ahead of its competitors within the industry.
5. Finances Performance: Revenue and EPS and ROE have been growing steadily, sound measures that the firm’s financials are in good health
6. Government Schemes: Boon in the way of schemes promoted by the government such as Digital India and e-Governance it receives from Alankit.
Up-gradation of Technology: The increase in the investment in the technology solution will enable the company to perform better along with services.
7. Market expansion: To expand in new market along with an entry in the new segment and bring the new revenue stream plus more prospect to Alankit.
8. Shareholding Pattern and Promoter Holding: It raises the trend of promoter holding with stable shareholding pattern increases confidence for a retail investor as well.
9. Economic Trends: This is due to overall performance of Indian economy in growing demand for its financial services.
However, there are various risks also which may affect the Alankit though company has huge growth prospect :
10. Market Competition: the intensity by which the competition triumphs in the e-Governance and financial services will impact market share.
12. Regulatory Changes: The government can change their regulation or policies. this affects the way the company performs.
13. Economic Slowdown: Economic slowdown may affect reducing demand for services from the firm.
14. Dependence on Promoters: Greater holding of promoter sometimes is a concern over liquidity in the stock of the retail investors.
FAQs For Alankit Share Price
Q1. Alankit Share Price Prediction 2024:
For the year 2024, the Alankit share price shall be around INR 30 considering its outstanding performance in the e-Governance sector and Digital Transformation Initiatives.
Q2. Which factor is showing a decline in holding FII/FPI in September 2024 quarter?
The reason is that institutional investors have either booked profit or rebalancing their portfolio.
Q3 Why Alankit appears good as an investment?
This is a diversified business entity, hence it enjoys high market position and there do exist promoter confidence too and hence it makes this share more attractive to the long-run investors.
Q4. What are major risk exposures?
Major risks attached to the investment in the company are the competition available in the market, changed regulatory environment, economic slow down, and dependency upon holding at promoter level.
Q5. Will Alankit share price touch INR 150 by 2030?
Yes, if the company sustains its present growth trajectory and its strategic vision, then the share price will touch INR 150 by 2030.
Q6. How has Alankit performed in last twelve months?
Alankit stock has gone up by 34.95% in last one year, which shows that company is pretty sound on both financial as well as operational fronts.
Alankit Limited has demonstrated the flexibility and dynamism of a shifting landscape in the realm of e-governance as well as financial services. A diversified business model with promoter confidence stability and focus on innovation provided excellent strong fundamentals for sustained growth, but long-term strategies with constant performance have made this firm the best investment proposition for long-term investments. Thus, the interested investors investing in the Digital India project and in the emergent service business in the financial services should add Alankit to their list.
Alankit Limited has huge scopes to obtain an excellent return from the shareholders as the Alankit Share Price will sure touch INR 30 by 2024, then INR 150 by 2030.
