Insecticides (India) Ltd, trading under the ticker INSECTICID, operates in the Basic Materials sector, specifically within the Agricultural Inputs industry.
Listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), this company has been a significant player in the Indian share market, showing various trends over the years.
This article provides a detailed forecast of INSECTICID’s share price targets from 2024 through 2030, based on technical analysis and machine learning approaches that analyze the stock’s historical performance.
Performance Overview
Current Performance (as of 2024-11-01):
INSECTICID closed at ₹867.95, up by ₹7.95 from its previous close. The stock has shown a mixed trend over the past week, with three positive days suggesting a continuation of a bullish trend.
Historical Performance (Past Week):
| Date | Close Price | Gain/Loss |
|---|---|---|
| 2024-10-24 | ₹799.95 | ₹4.45 (0.56%) |
| 2024-10-25 | ₹760.35 | ₹39.60 (4.95%) |
| 2024-10-28 | ₹792.70 | ₹32.35 (4.25%) |
| 2024-10-29 | ₹806.60 | ₹13.90 (1.75%) |
| 2024-10-30 | ₹821.75 | ₹15.15 (1.88%) |
| 2024-10-31 | ₹860.00 | ₹38.25 (4.65%) |
| 2024-11-01 | ₹867.95 | ₹7.95 (0.92%) |
Share Price Targets
2024 Target
Forecast: INSECTICID is expected to see an upward trend with a minimum price target of ₹812.38 and a maximum of ₹1055.04 by December 2024.
| Month | Target Price |
|---|---|
| April 2024 | ₹812.38 |
| May 2024 | ₹842.71 |
| December 2024 | ₹1055.04 |
2025 Target
Forecast: Expected to reach ₹1076 in January, with a potential year-end target of ₹1208 if market conditions remain favorable.
| Month | Target Price |
|---|---|
| January 2025 | ₹1076 |
| June 2025 | ₹1012 |
| December 2025 | ₹1208 |
2026 Target
Forecast: A projected minimum target of ₹1232, with a maximum of ₹1382 by December.
| Month | Target Price |
|---|---|
| January 2026 | ₹1232 |
| December 2026 | ₹1382 |
2027 Target
Forecast: Using Fibonacci projections, the share may range between ₹1410 and ₹1581, with higher targets in the latter half.
| Month | Target Price |
|---|---|
| January 2027 | ₹1410 |
| December 2027 | ₹1581 |
2028 Target
Forecast: Predicted to start at ₹1613, with a year-end target of ₹1811.
| Month | Target Price |
|---|---|
| January 2028 | ₹1613 |
| December 2028 | ₹1811 |
2029 Target
Forecast: Price target begins at ₹1847, reaching ₹2072 by December.
| Month | Target Price |
|---|---|
| January 2029 | ₹1847 |
| December 2029 | ₹2072 |
2030 Target
Forecast: Expected to range from ₹2113 in January to ₹2279 or higher by the end of the year.
| Month | Target Price |
|---|---|
| January 2030 | ₹2113 |
| December 2030 | ₹2279+ |
Conclusion
With favorable conditions, INSECTICID’s long-term share price forecast reflects a steady upward trend through 2030.
Market conditions and the Agricultural Inputs industry’s economic factors will play a crucial role in achieving these targets.
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