COROMANDEL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.8
| Stock Code | COROMANDEL | Market Cap | 58,292 Cr. | Current Price | 1,974 ₹ | High / Low | 2,720 ₹ |
| Stock P/E | 26.9 | Book Value | 410 ₹ | Dividend Yield | 0.61 % | ROCE | 24.6 % |
| ROE | 17.5 % | Face Value | 1.00 ₹ | DMA 50 | 2,183 ₹ | DMA 200 | 2,204 ₹ |
| Chg in FII Hold | -0.72 % | Chg in DII Hold | 0.91 % | PAT Qtr | 530 Cr. | PAT Prev Qtr | 816 Cr. |
| RSI | 34.4 | MACD | -75.1 | Volume | 2,22,409 | Avg Vol 1Wk | 2,70,726 |
| Low price | 1,855 ₹ | High price | 2,720 ₹ | PEG Ratio | 3.38 | Debt to equity | 0.05 |
| 52w Index | 13.7 % | Qtr Profit Var | 0.86 % | EPS | 76.1 ₹ | Industry PE | 17.2 |
📊 Coromandel International (COROMANDEL) shows weak intraday potential today. RSI at 34.4 indicates oversold conditions but not yet a strong reversal. MACD is sharply negative (-75.1), confirming bearish sentiment. Current price (1,974 ₹) is below both 50 DMA (2,183 ₹) and 200 DMA (2,204 ₹), reflecting sustained weakness. Volume (2,22,409) is below average (2,70,726), limiting breakout opportunities.
💡 Optimal Buy Price: 1,960–1,970 ₹ (near support)
🎯 Profit-Taking Levels: 2,010–2,030 ₹ (short-term resistance)
🛑 Stop-Loss: 1,950 ₹ (recent low)
⏳ If already holding intraday: Exit near 2,010–2,020 ₹ if momentum weakens or if price fails to sustain above 1,980 ₹ with volume confirmation.
Positive
- Strong ROCE (24.6%) and ROE (17.5%) indicate efficient capital use.
- Debt-to-equity ratio of 0.05 reflects financial stability.
- EPS of 76.1 ₹ supports earnings strength.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates bearish trend.
- Quarterly PAT declined from 816 Cr. to 530 Cr., showing margin pressure.
- FII holdings decreased (-0.72%), reflecting reduced foreign investor confidence.
- PEG ratio of 3.38 suggests valuation is stretched relative to growth.
Company Negative News
- No major negative news reported, but declining profits and weak technicals weigh on sentiment.
Company Positive News
- DII holdings increased (+0.91%), showing domestic institutional support.
- Stable dividend yield of 0.61% provides shareholder returns.
Industry
- Industry P/E at 17.2 is lower than Coromandel’s 26.9, suggesting relative overvaluation.
- Agriculture and fertilizer sector remains essential but faces cyclical demand and margin pressures.
Conclusion
⚠️ Coromandel International is not an ideal intraday candidate today due to weak momentum, declining profits, and price trading below key averages. Short-term traders may attempt a bounce trade near 1,960–1,970 ₹ with a tight stop-loss at 1,950 ₹, but risk remains elevated. Conservative traders should avoid aggressive intraday positions until momentum indicators improve.