BALKRISIND - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.9
| Stock Code | BALKRISIND | Market Cap | 41,006 Cr. | Current Price | 2,121 ₹ | High / Low | 2,818 ₹ |
| Stock P/E | 31.8 | Book Value | 540 ₹ | Dividend Yield | 0.75 % | ROCE | 16.5 % |
| ROE | 15.5 % | Face Value | 2.00 ₹ | DMA 50 | 2,367 ₹ | DMA 200 | 2,435 ₹ |
| Chg in FII Hold | 0.30 % | Chg in DII Hold | -0.13 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 265 Cr. |
| RSI | 31.3 | MACD | -89.2 | Volume | 1,07,111 | Avg Vol 1Wk | 1,76,808 |
| Low price | 2,020 ₹ | High price | 2,818 ₹ | PEG Ratio | 7.31 | Debt to equity | 0.35 |
| 52w Index | 12.6 % | Qtr Profit Var | -14.7 % | EPS | 66.7 ₹ | Industry PE | 24.2 |
📊 Analysis: BALKRISIND trades at ₹2,121, below both 50 DMA (₹2,367) and 200 DMA (₹2,435), showing weak momentum. RSI at 31.3 indicates oversold conditions, but MACD (-89.2) remains negative, confirming bearish sentiment. Intraday volume (1,07,111) is lower than the weekly average (1,76,808), suggesting weak trader participation. The stock is not a strong intraday candidate today, though oversold levels may attract short-term recovery trades.
💡 Optimal Buy Price: ₹2,100–₹2,120 if price stabilizes with volume support.
🎯 Profit Exit Levels: ₹2,160 (near-term resistance), ₹2,200 (upper resistance zone).
🛡️ Stop-Loss: ₹2,080 to protect against downside risk.
⏱️ If Already Holding: Consider exiting near ₹2,160–₹2,200 if momentum fails to strengthen. If price breaks below ₹2,080 with volume, exit immediately to avoid deeper losses.
Positive
- Quarterly PAT improved to ₹375 Cr. from ₹265 Cr., showing earnings growth.
- FII holdings increased (+0.30%), reflecting foreign investor confidence.
- Strong EPS (₹66.7) supports valuation strength.
- Dividend yield of 0.75% provides shareholder return.
Limitation
- Stock trading below both 50 DMA and 200 DMA, showing weak momentum.
- RSI oversold but no clear reversal signal yet.
- PEG ratio (7.31) suggests expensive valuation relative to growth.
- Intraday volume lower than average, limiting trading opportunities.
Company Negative News
- DII holdings decreased (-0.13%), showing reduced domestic support.
- Quarterly profit variation (-14.7%) highlights earnings volatility.
Company Positive News
- FII buying increased, supporting price stability.
- Dividend yield provides consistent shareholder return.
- Strong EPS and book value (₹540) highlight long-term resilience.
Industry
- Tyre and rubber sector remains cyclical, tied to auto demand.
- Industry PE at 24.2 is lower than BALKRISIND’s PE (31.8), showing premium valuation.
Conclusion
⚠️ BALKRISIND is not a strong intraday candidate today due to weak momentum, oversold RSI, and bearish MACD. Traders should only consider entry if price stabilizes near ₹2,100 with volume confirmation. Profit targets lie around ₹2,160–₹2,200, but risk of downside remains high. Long-term investors may still find value in its strong EPS, dividend yield, and FII support, but intraday traders should remain cautious.