COROMANDEL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.2
| Stock Code | COROMANDEL | Market Cap | 66,946 Cr. | Current Price | 2,270 ₹ | High / Low | 2,720 ₹ |
| Stock P/E | 30.9 | Book Value | 410 ₹ | Dividend Yield | 0.53 % | ROCE | 24.6 % |
| ROE | 17.5 % | Face Value | 1.00 ₹ | DMA 50 | 2,282 ₹ | DMA 200 | 2,216 ₹ |
| Chg in FII Hold | -0.66 % | Chg in DII Hold | 0.81 % | PAT Qtr | 530 Cr. | PAT Prev Qtr | 816 Cr. |
| RSI | 49.5 | MACD | -12.1 | Volume | 2,22,892 | Avg Vol 1Wk | 2,42,920 |
| Low price | 1,590 ₹ | High price | 2,720 ₹ | PEG Ratio | 3.88 | Debt to equity | 0.05 |
| 52w Index | 60.2 % | Qtr Profit Var | 0.86 % | EPS | 76.1 ₹ | Industry PE | 18.6 |
📊 Analysis: COROMANDEL is trading at 2,270 ₹, close to its 50 DMA (2,282 ₹) and above the 200 DMA (2,216 ₹), showing near-term support but mild weakness. RSI at 49.5 indicates neutral momentum, while MACD (-12.1) suggests bearish undertone. Current volume (2.22L) is slightly below the 1-week average (2.42L), pointing to moderate intraday participation. The setup favors cautious trades with limited upside potential.
💰 Optimal Buy Price: 2,260–2,270 ₹ (near support zone)
📈 Profit-Taking Levels: 2,295–2,310 ₹ (short-term resistance)
⚠️ Stop-Loss: 2,245 ₹ (below support)
⏳ If Already Holding: Exit intraday if price fails to hold above 2,260 ₹ or if RSI dips below 48 with weakening momentum. Book profits near 2,300 ₹ if volume tapers off. Watch MACD widening negatively as a clear exit signal.
Positive
- Strong ROCE (24.6%) and ROE (17.5%) indicate efficient capital use.
- Low debt-to-equity (0.05) ensures financial stability.
- EPS of 76.1 ₹ supports long-term valuation strength.
- DII holdings increased (+0.81%), reflecting domestic institutional confidence.
Limitation
- High P/E (30.9) compared to industry average (18.6) suggests overvaluation.
- MACD negative, showing weak short-term momentum.
- Quarterly PAT dropped (530 Cr. vs 816 Cr.), indicating earnings pressure.
- FII holdings decreased (-0.66%), showing reduced foreign interest.
- PEG ratio (3.88) indicates expensive valuation relative to growth.
Company Negative News
- No major external negative news reported, but earnings decline is a concern.
Company Positive News
- Quarterly PAT stabilized with marginal positive variation (0.86%).
- DII holdings increased, reflecting confidence from domestic institutions.
Industry
- Industry P/E at 18.6 is lower than COROMANDEL’s P/E (30.9), suggesting relative overvaluation.
- Agribusiness and fertilizer sector remains resilient with steady demand, though margins are pressured.
Conclusion
🔎 COROMANDEL offers moderate intraday potential with support near 2,260 ₹ and resistance around 2,300 ₹. Momentum indicators suggest caution, as MACD is negative and volume is slightly below average. Best strategy: Buy near support, exit near resistance, and protect downside with a strict stop-loss at 2,245 ₹.