COHANCE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.1
| Stock Code | COHANCE | Market Cap | 11,445 Cr. | Current Price | 299 ₹ | High / Low | 1,250 ₹ |
| Stock P/E | 33.8 | Book Value | 115 ₹ | Dividend Yield | 0.00 % | ROCE | 16.0 % |
| ROE | 12.5 % | Face Value | 1.00 ₹ | DMA 50 | 363 ₹ | DMA 200 | 641 ₹ |
| Chg in FII Hold | -0.50 % | Chg in DII Hold | 0.76 % | PAT Qtr | 50.8 Cr. | PAT Prev Qtr | 94.3 Cr. |
| RSI | 40.1 | MACD | -16.0 | Volume | 3,61,618 | Avg Vol 1Wk | 8,19,403 |
| Low price | 267 ₹ | High price | 1,250 ₹ | PEG Ratio | -1.64 | Debt to equity | 0.05 |
| 52w Index | 3.31 % | Qtr Profit Var | -67.0 % | EPS | 9.90 ₹ | Industry PE | 27.2 |
📊 Analysis: COHANCE shows weak to moderate intraday potential today. Current price (299 ₹) is trading well below both DMA 50 (363 ₹) and DMA 200 (641 ₹), reflecting strong bearish sentiment. RSI at 40.1 indicates the stock is nearing oversold territory, while MACD (-16.0) confirms bearish momentum. Volume (3.61 Lakh) is significantly lower than the weekly average (8.19 Lakh), suggesting weak participation. Fundamentals show moderate efficiency but declining profits and poor growth-adjusted valuation limit upside intraday.
💰 Optimal Buy Price: 295–300 ₹ if price consolidates near support.
📈 Profit Exit Levels: 310 ₹ (short-term resistance), 325–340 ₹ (nearer to DMA 50 zone).
📉 Stop-Loss: 285 ₹ to protect against downside risk.
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 300 ₹ or if momentum indicators remain weak. Profit booking near 310–340 ₹ is advisable, while a break below 285 ₹ should trigger a stop-loss exit.
Positive
- ROCE of 16.0% and ROE of 12.5% reflect moderate returns.
- EPS of 9.90 ₹ supports valuation strength.
- Debt-to-equity ratio of 0.05 shows low leverage risk.
- DII holdings increased (+0.76%), showing domestic institutional support.
Limitation
- Price trading below DMA levels signals bearish sentiment.
- Quarterly PAT declined sharply (50.8 Cr vs 94.3 Cr), showing earnings pressure.
- PEG ratio of -1.64 indicates poor growth-adjusted valuation.
- FII holdings decreased (-0.50%), reflecting reduced foreign investor confidence.
- Volume weaker than average reduces intraday momentum.
Company Negative News
- No major external negative news reported, but profit decline and reduced FII holdings weigh on sentiment.
Company Positive News
- Strong return ratios highlight operational efficiency.
- Low debt levels provide financial stability.
- DII inflows show confidence from domestic institutions.
Industry
- Industry PE at 27.2 vs stock PE of 33.8 suggests slight premium valuation.
- Specialty chemicals sector benefits from global demand, though cyclical pressures and margin risks remain.
Conclusion
⚖️ COHANCE is a weak intraday candidate due to bearish technicals, declining profits, and poor growth-adjusted valuation. Traders may attempt cautious entries near 295–300 ₹ with exits around 310–340 ₹, while maintaining a strict stop-loss at 285 ₹ to manage risk.