DEEPAKNTR - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.6
| Stock Code | DEEPAKNTR | Market Cap | 18,855 Cr. | Current Price | 1,383 ₹ | High / Low | 2,174 ₹ |
| Stock P/E | 89.2 | Book Value | 232 ₹ | Dividend Yield | 0.54 % | ROCE | 10.1 % |
| ROE | 8.22 % | Face Value | 2.00 ₹ | DMA 50 | 1,559 ₹ | DMA 200 | 1,746 ₹ |
| Chg in FII Hold | -0.15 % | Chg in DII Hold | 0.50 % | PAT Qtr | 15.5 Cr. | PAT Prev Qtr | 112 Cr. |
| RSI | 29.0 | MACD | -56.5 | Volume | 1,19,524 | Avg Vol 1Wk | 1,40,386 |
| Low price | 1,381 ₹ | High price | 2,174 ₹ | PEG Ratio | -4.54 | Debt to equity | 0.01 |
| 52w Index | 0.31 % | Qtr Profit Var | -10.3 % | EPS | 15.0 ₹ | Industry PE | 25.2 |
📊 Deepak Nitrite (DEEPAKNTR) shows weak intraday potential today. RSI at 29.0 indicates oversold conditions but lacks strong reversal signals. MACD is negative (-56.5), confirming bearish sentiment. Current price (1,383 ₹) is well below both 50 DMA (1,559 ₹) and 200 DMA (1,746 ₹), reflecting sustained weakness. Volume (1,19,524) is below average (1,40,386), limiting intraday volatility and breakout chances.
💡 Optimal Buy Price: 1,375–1,385 ₹ (near support)
🎯 Profit-Taking Levels: 1,410–1,430 ₹ (short-term resistance)
🛑 Stop-Loss: 1,360 ₹ (recent low)
⏳ If already holding intraday: Exit near 1,410–1,420 ₹ if momentum weakens or if price fails to sustain above 1,385 ₹ with volume confirmation.
Positive
- Debt-to-equity ratio of 0.01 reflects near debt-free status.
- DII holdings increased (+0.50%), showing domestic institutional support.
- EPS of 15.0 ₹ supports earnings consistency.
Limitation
- Stock trading below both 50 DMA and 200 DMA indicates bearish trend.
- Quarterly PAT dropped sharply from 112 Cr. to 15.5 Cr. (-86%).
- FII holdings decreased (-0.15%), reflecting reduced foreign investor confidence.
- High P/E (89.2) compared to industry average (25.2), suggesting overvaluation.
- Weak ROCE (10.1%) and ROE (8.22%) show poor efficiency.
Company Negative News
- No major negative news reported, but steep decline in quarterly profits weighs heavily on sentiment.
Company Positive News
- DII inflows indicate domestic confidence in the company.
- Dividend yield of 0.54% provides shareholder returns.
Industry
- Industry P/E at 25.2 is much lower than Deepak Nitrite’s 89.2, suggesting relative overvaluation.
- Chemicals sector remains cyclical, with demand linked to industrial growth and commodity prices.
Conclusion
⚠️ Deepak Nitrite is not an ideal intraday candidate today due to weak momentum, steep profit decline, and price trading below key averages. Short-term traders may attempt a bounce trade near 1,375–1,385 ₹ with a tight stop-loss at 1,360 ₹, but risk remains elevated. Conservative traders should avoid aggressive intraday positions until momentum indicators improve.