BHARATFORG - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.0
| Stock Code | BHARATFORG | Market Cap | 81,943 Cr. | Current Price | 1,712 ₹ | High / Low | 1,936 ₹ |
| Stock P/E | 61.3 | Book Value | 231 ₹ | Dividend Yield | 0.50 % | ROCE | 14.6 % |
| ROE | 13.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,676 ₹ | DMA 200 | 1,442 ₹ |
| Chg in FII Hold | -1.22 % | Chg in DII Hold | 1.97 % | PAT Qtr | 322 Cr. | PAT Prev Qtr | 316 Cr. |
| RSI | 46.5 | MACD | 21.1 | Volume | 13,04,462 | Avg Vol 1Wk | 14,28,009 |
| Low price | 919 ₹ | High price | 1,936 ₹ | PEG Ratio | 5.31 | Debt to equity | 0.33 |
| 52w Index | 78.0 % | Qtr Profit Var | -7.03 % | EPS | 26.8 ₹ | Industry PE | 23.7 |
📊 Analysis: BHARATFORG is trading at ₹1,712, above its 50 DMA (₹1,676) and well above its 200 DMA (₹1,442), showing medium-term strength. RSI at 46.5 indicates neutral momentum, while MACD at 21.1 suggests bullish bias. Current volume (13,04,462) is slightly below the 1-week average (14,28,009), reflecting moderate participation. Fundamentals are decent, but high valuation and recent profit decline limit upside potential for intraday trading.
💰 Optimal Buy Price: ₹1,695–1,705 (near support zone)
📈 Profit-Taking Levels: ₹1,740–1,760 (short-term resistance)
📉 Stop-Loss: ₹1,680 (below support)
⏳ If Already Holding: Exit intraday if price fails to sustain above ₹1,730 or if momentum indicators weaken. A bounce toward ₹1,740–1,760 can be used for profit booking, while a breakdown below ₹1,695 should trigger exit to protect capital.
✅ Positive
- Trading above both 50 DMA and 200 DMA, showing medium-term strength.
- DII holding increased (+1.97%), reflecting domestic institutional support.
- Debt-to-equity ratio at 0.33 is manageable.
⚠️ Limitation
- High P/E ratio (61.3) compared to industry average (23.7).
- PEG ratio of 5.31 suggests overvaluation relative to growth.
- Volume slightly below average, limiting intraday momentum.
📉 Company Negative News
- Quarterly profit declined from ₹316 Cr. to ₹322 Cr. with -7.03% variation.
- FII holding decreased (-1.22%), showing reduced foreign investor confidence.
📈 Company Positive News
- DII holding increased significantly (+1.97%), showing strong domestic support.
- EPS at ₹26.8 remains healthy despite profit variation.
🏭 Industry
- Automobile and forging industry is cyclical but benefits from infrastructure and defense demand.
- Industry P/E at 23.7 shows sector is moderately valued compared to BHARATFORG’s high valuation.
🔎 Conclusion
BHARATFORG shows medium-term strength but faces valuation concerns and profit decline. Intraday trading is moderately favorable with cautious entries near support and strict stop-loss discipline. Suitable for short-term momentum trades but not ideal for aggressive intraday positions.