BHARATFORG - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | BHARATFORG | Market Cap | 76,146 Cr. | Current Price | 1,592 ₹ | High / Low | 1,597 ₹ |
| Stock P/E | 55.9 | Book Value | 231 ₹ | Dividend Yield | 0.53 % | ROCE | 14.6 % |
| ROE | 13.7 % | Face Value | 2.00 ₹ | DMA 50 | 1,427 ₹ | DMA 200 | 1,326 ₹ |
| Chg in FII Hold | -1.22 % | Chg in DII Hold | 1.97 % | PAT Qtr | 316 Cr. | PAT Prev Qtr | 339 Cr. |
| RSI | 67.7 | MACD | 17.4 | Volume | 15,54,433 | Avg Vol 1Wk | 18,73,484 |
| Low price | 919 ₹ | High price | 1,597 ₹ | PEG Ratio | 4.84 | Debt to equity | 0.33 |
| 52w Index | 99.3 % | Qtr Profit Var | -10.3 % | EPS | 28.0 ₹ | Industry PE | 28.7 |
📊 Analysis: BHARATFORG is trading at ₹1,592, very close to its 52-week high of ₹1,597, indicating strong bullish sentiment. The stock is well above its 50 DMA (₹1,427) and 200 DMA (₹1,326), confirming long-term strength. RSI at 67.7 suggests the stock is approaching overbought territory, while MACD at 17.4 remains positive, supporting upward momentum. Current volume (15,54,433) is slightly below the weekly average (18,73,484), showing moderate intraday participation.
💡 Optimal Buy Price: ₹1,580–1,585 on dips intraday.
🎯 Profit-Taking Levels: ₹1,605–1,615 (near resistance beyond 52-week high).
🛡️ Stop-Loss: ₹1,570 (below short-term support).
⏱️ Exit Strategy if Already Holding: Consider booking profits near ₹1,605–1,615 if momentum slows. If price breaks below ₹1,580 with rising volume, exit intraday to protect gains.
✅ Positive
- Strong EPS of ₹28.0 supports earnings quality.
- Stock trading above both 50 DMA and 200 DMA confirms bullish trend.
- DII holding increased (+1.97%), showing strong domestic institutional support.
- 52-week index gain of 99.3% highlights robust long-term performance.
⚠️ Limitation
- High P/E (55.9) compared to industry average (28.7), making valuation expensive.
- RSI near 70 indicates risk of overbought conditions and profit booking.
- Debt-to-equity ratio of 0.33 is moderate, not debt-free.
📉 Company Negative News
- Quarterly profit declined from ₹339 Cr. to ₹316 Cr. (−10.3% variation).
- FII holding decreased (−1.22%), showing reduced foreign investor confidence.
📈 Company Positive News
- DII holding increased significantly (+1.97%), reflecting strong domestic support.
- Stock at all-time highs, showing strong investor sentiment.
🏭 Industry
- Auto and engineering sector trades at Industry PE of 28.7, lower than BHARATFORG’s valuation.
- Sector growth supported by infrastructure expansion and defense manufacturing opportunities.
🔎 Conclusion
BHARATFORG is a moderately strong candidate for intraday trading today, supported by bullish technicals and institutional interest. Traders can look for buy opportunities near ₹1,580–1,585 with profit targets around ₹1,605–1,615. However, caution is advised as the stock is near its 52-week high and RSI indicates potential overbought conditions, increasing the risk of profit booking.