CHENNPETRO - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | CHENNPETRO | Market Cap | 13,126 Cr. | Current Price | 881 ₹ | High / Low | 1,103 ₹ |
| Stock P/E | 6.21 | Book Value | 574 ₹ | Dividend Yield | 0.57 % | ROCE | 4.04 % |
| ROE | 2.10 % | Face Value | 10.0 ₹ | DMA 50 | 858 ₹ | DMA 200 | 795 ₹ |
| Chg in FII Hold | 4.07 % | Chg in DII Hold | -1.58 % | PAT Qtr | 987 Cr. | PAT Prev Qtr | 732 Cr. |
| RSI | 55.4 | MACD | 0.36 | Volume | 19,19,204 | Avg Vol 1Wk | 15,97,776 |
| Low price | 433 ₹ | High price | 1,103 ₹ | PEG Ratio | -0.13 | Debt to equity | 0.23 |
| 52w Index | 66.9 % | Qtr Profit Var | 9,338 % | EPS | 142 ₹ | Industry PE | 10.0 |
📊 Analysis: CHENNPETRO shows strong potential for intraday trading. RSI at 55.4 indicates balanced momentum, while MACD at 0.36 suggests mild bullishness. Current price (881 ₹) is above both 50 DMA (858 ₹) and 200 DMA (795 ₹), reflecting short-term strength. Volume (19.2 lakh) is higher than the weekly average (15.9 lakh), supporting active intraday participation.
💰 Optimal Buy Price: Around 875–885 ₹ (near current levels with DMA support).
📈 Profit-Taking Exit Levels: 900–915 ₹ (short-term resistance zone).
📉 Stop-Loss / Loss Protection: 865 ₹ (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above 880 ₹ or if momentum indicators weaken. If volume remains strong and price sustains above 885 ₹, ride till 900–915 ₹ before booking profits.
Positive
- EPS of 142 ₹ with very low P/E of 6.21 indicates undervaluation.
- Quarterly PAT surged to 987 Cr. from 732 Cr., showing strong earnings momentum.
- Price trading above both 50 DMA and 200 DMA signals bullish trend.
- FII holdings increased (+4.07%), showing strong foreign investor confidence.
- Debt-to-equity ratio at 0.23 indicates manageable leverage.
Limitation
- ROCE at 4.04% and ROE at 2.10% are weak compared to peers.
- Dividend yield at 0.57% is modest.
- PEG ratio at -0.13 suggests poor growth valuation metrics.
- DII holdings declined (-1.58%), showing reduced domestic investor interest.
Company Negative News
- No major negative news reported, but weak efficiency ratios (ROCE, ROE) remain a concern.
Company Positive News
- Quarterly profit variation of 9,338% highlights exceptional earnings growth.
- Strong FII inflows reflect renewed confidence in the company.
Industry
- Industry PE at 10.0 vs stock PE at 6.21 indicates undervaluation.
- Petrochemical sector remains supported by rising demand and global energy trends.
Conclusion
⚡ CHENNPETRO is a strong candidate for intraday trading today. Buy near 875–885 ₹ with profit targets at 900–915 ₹ and stop-loss at 865 ₹. If already holding, monitor RSI and MACD closely and exit near resistance levels. Strong fundamentals and undervaluation support the stock, but weak efficiency ratios require cautious trading.