BALKRISIND - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | BALKRISIND | Market Cap | 51,636 Cr. | Current Price | 2,669 ₹ | High / Low | 2,840 ₹ |
| Stock P/E | 40.1 | Book Value | 540 ₹ | Dividend Yield | 0.60 % | ROCE | 16.5 % |
| ROE | 15.5 % | Face Value | 2.00 ₹ | DMA 50 | 2,384 ₹ | DMA 200 | 2,445 ₹ |
| Chg in FII Hold | 0.30 % | Chg in DII Hold | -0.13 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 265 Cr. |
| RSI | 73.4 | MACD | 30.1 | Volume | 3,87,007 | Avg Vol 1Wk | 6,57,768 |
| Low price | 2,152 ₹ | High price | 2,840 ₹ | PEG Ratio | 9.21 | Debt to equity | 0.35 |
| 52w Index | 75.2 % | Qtr Profit Var | -14.7 % | EPS | 66.7 ₹ | Industry PE | 30.2 |
📊 Analysis: BALKRISIND shows strong intraday potential. Current price (₹2,669) is trading well above both 50 DMA (₹2,384) and 200 DMA (₹2,445), indicating bullish bias. RSI at 73.4 suggests overbought conditions, which may limit further upside. MACD (30.1) is positive, confirming upward momentum. Volume (3,87,007) is lower than average weekly volume (6,57,768), showing reduced participation but still supportive of intraday moves.
💹 Optimal Buy Price: ₹2,650 – ₹2,670 (near support zone).
🎯 Profit-Taking Levels: ₹2,720 – ₹2,780 (short-term resistance).
🛡️ Stop-Loss: ₹2,620 (below intraday support).
⏱️ Exit Strategy if Already Holding: Exit if price fails to sustain above ₹2,650 with weakening momentum or if RSI dips below 70 intraday. If volume strengthens with price action, partial profit booking near ₹2,750 is advisable.
Positive
- Trading above both 50 DMA and 200 DMA, confirming bullish technical setup.
- Strong ROCE (16.5%) and ROE (15.5%) indicate efficient capital use.
- EPS of ₹66.7 supports earnings strength.
- Dividend yield of 0.60% provides passive returns.
- FII holdings increased (+0.30%), showing foreign investor confidence.
Limitation
- RSI at 73.4 indicates overbought conditions, limiting upside momentum.
- Quarterly PAT declined (₹375 Cr vs ₹265 Cr), showing earnings pressure.
- PEG ratio (9.21) suggests overvaluation relative to growth.
- Volume lower than average, reducing breakout potential.
Company Negative News
- DII holdings declined (-0.13%), showing reduced domestic institutional support.
- Quarterly profit variation (-14.7%) reflects declining performance.
Company Positive News
- FII holdings increased (+0.30%), reflecting foreign investor confidence.
- Stock trading near 52-week high (₹2,840), showing strong momentum.
Industry
- Industry P/E at 30.2 indicates sector stability, though BALKRISIND trades at a premium (40.1).
- Tyre and rubber sector remains cyclical but offers volatility for intraday traders.
Conclusion
⚖️ BALKRISIND is a good candidate for intraday trading today. Strong technicals and foreign investor support favor upward momentum, but overbought RSI and declining quarterly profits warrant caution. Best strategy is entry near ₹2,660 with tight stop-loss and profit booking around ₹2,750.