Elgi Equipments Limited (NSE:ELGIEQUIP)
India · Delayed Price · Currency is INR 573.45
-4.45 (-0.77%)
May 29, 2026, 3:29 PM IST
Elgi Equipments Stock Forecast
Stock Price Forecast
According to 4 analysts polled by S&P Global, Elgi Equipments stock has a consensus rating of "Buy" and an average price target of ₹624.00. The average 1-year stock price forecast is 8.82% higher than the current stock price, while the lowest is ₹564.00 (-1.65%) and the highest is ₹684.00 (+19.28%).
Price Target: ₹624.00 (+8.82%)
Analyst Consensus: Buy
* Price targets were last updated on Feb 27, 2026.
Analyst Ratings
The average analyst rating for Elgi Equipments stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Oct '25 | Nov '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 4 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
Unknown Analyst Prabhudas Lilladher No rating | Prabhudas Lilladher | Buy Maintains ₹603.00 | Buy | Maintains | ₹603.00 | +5.15% | Feb 27, 2026 |
Unknown Analyst ICICI Securities No rating | ICICI Securities | Buy Maintains ₹620.00 | Buy | Maintains | ₹620.00 | +8.12% | Feb 12, 2026 |
Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. The data is sourced from Wall Street analysts. Data sources.