ASHOKLEY - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.3
| Stock Code | ASHOKLEY | Market Cap | 1,18,018 Cr. | Current Price | 201 ₹ | High / Low | 205 ₹ |
| Stock P/E | 34.6 | Book Value | 19.6 ₹ | Dividend Yield | 1.56 % | ROCE | 36.5 % |
| ROE | 31.4 % | Face Value | 1.00 ₹ | DMA 50 | 178 ₹ | DMA 200 | 147 ₹ |
| Chg in FII Hold | 0.09 % | Chg in DII Hold | 0.14 % | PAT Qtr | 801 Cr. | PAT Prev Qtr | 594 Cr. |
| RSI | 67.3 | MACD | 5.93 | Volume | 2,29,57,436 | Avg Vol 1Wk | 1,49,32,714 |
| Low price | 95.2 ₹ | High price | 205 ₹ | PEG Ratio | 0.09 | Debt to equity | 0.12 |
| 52w Index | 96.1 % | Qtr Profit Var | 16.2 % | EPS | 5.74 ₹ | Industry PE | 39.9 |
📊 Analysis: ASHOKLEY is trading at ₹201, comfortably above both its 50 DMA (₹178) and 200 DMA (₹147), reflecting strong bullish momentum. RSI at 67.3 indicates near-overbought conditions, while MACD (5.93) shows bullish crossover. Intraday volume (2.29 Cr.) is significantly higher than the weekly average (1.49 Cr.), suggesting strong participation. Fundamentals are robust with ROCE (36.5%), ROE (31.4%), and low debt-to-equity (0.12). Valuation is reasonable (P/E 34.6 vs industry 39.9) and quarterly PAT growth (+16.2%) supports earnings momentum. Intraday trading potential is strong, but caution is advised near resistance levels.
💡 Optimal Buy Price: ₹198–200 if price consolidates near support.
🎯 Profit-Taking Levels: ₹204–205 (near recent high resistance).
🛡️ Stop-Loss: ₹195 to protect against downside risk.
⏱️ Exit Strategy (if already holding): Exit if price fails to sustain above ₹204 with strong volume. RSI indicates near-overbought territory, so profit booking should be considered early to avoid reversal risk.
Positive
- Strong ROCE (36.5%) and ROE (31.4%) highlight excellent efficiency.
- EPS of ₹5.74 supports earnings visibility.
- Quarterly PAT growth from ₹594 Cr. to ₹801 Cr. (+16.2%).
- Trading above both 50 DMA and 200 DMA confirms bullish trend.
- 52-week index return of 96.1% reflects strong investor confidence.
Limitation
- RSI at 67.3 indicates near-overbought conditions, risk of pullback.
- MACD positive but momentum may slow near resistance.
- Book value of ₹19.6 is relatively low compared to current price.
Company Negative News
- No major negative news reported, but near-overbought technicals raise caution for intraday traders.
Company Positive News
- Strong quarterly profit growth supports earnings momentum.
- Institutional support with FII (+0.09%) and DII (+0.14%) inflows.
Industry
- Industry P/E at 39.9 indicates sector is moderately valued compared to ASHOKLEY’s lower P/E (34.6).
- Automobile sector benefiting from rising demand in commercial and passenger vehicles.
Conclusion
⚖️ ASHOKLEY shows strong fundamentals and bullish technical indicators, making it a good candidate for intraday trading. Entry near ₹198–200 with profit-taking around ₹204–205 is optimal. Traders should remain cautious of near-overbought RSI levels and book profits early to avoid reversal risks.