ELECON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | ELECON | Market Cap | 10,208 Cr. | Current Price | 455 ₹ | High / Low | 717 ₹ |
| Stock P/E | 27.4 | Book Value | 85.8 ₹ | Dividend Yield | 0.44 % | ROCE | 29.1 % |
| ROE | 22.6 % | Face Value | 1.00 ₹ | DMA 50 | 452 ₹ | DMA 200 | 523 ₹ |
| Chg in FII Hold | -0.22 % | Chg in DII Hold | 0.35 % | PAT Qtr | 61.9 Cr. | PAT Prev Qtr | 78.9 Cr. |
| RSI | 58.8 | MACD | -11.3 | Volume | 5,91,223 | Avg Vol 1Wk | 6,90,078 |
| Low price | 348 ₹ | High price | 717 ₹ | PEG Ratio | 0.54 | Debt to equity | 0.12 |
| 52w Index | 29.0 % | Qtr Profit Var | -32.7 % | EPS | 22.5 ₹ | Industry PE | 40.7 |
📊 Analysis: ELECON shows moderate potential for intraday trading. RSI at 58.8 indicates mild bullish momentum, but MACD (-11.3) suggests short-term weakness. Current price (455 ₹) is slightly above 50 DMA (452 ₹) but below 200 DMA (523 ₹), reflecting mixed trend signals. Volume today (5,91,223) is lower than weekly average (6,90,078), which may limit sharp intraday moves. Risk-reward is balanced, suitable for cautious scalping.
💰 Optimal Buy Price: 450–455 ₹ if support holds.
📈 Profit-Taking Levels: 465–475 ₹ (near-term resistance zone).
⚠️ Stop-Loss: 445 ₹ to protect against downside risk.
⏱️ If Already Holding: Exit near 465–475 ₹ if momentum fades. If price breaks below 445 ₹ with volume, consider immediate exit to avoid deeper losses.
🌟 Positive
- Strong ROCE (29.1%) and ROE (22.6%), showing efficient capital use.
- Low debt-to-equity ratio (0.12), indicating financial stability.
- PEG ratio at 0.54 suggests attractive valuation relative to growth.
- DII holdings increased (+0.35%), reflecting domestic investor confidence.
⚠️ Limitation
- MACD negative (-11.3), signaling short-term weakness.
- Volume lower than weekly average, limiting intraday volatility.
- Price below 200 DMA (523 ₹), showing medium-term weakness.
📉 Company Negative News
- PAT declined to 61.9 Cr. from 78.9 Cr. in the previous quarter.
- Quarterly profit variation -32.7%, raising near-term concerns.
- FII holdings decreased (-0.22%), showing reduced foreign confidence.
📈 Company Positive News
- EPS at 22.5 ₹ reflects consistent profitability.
- Dividend yield of 0.44% adds shareholder value.
🏭 Industry
- Industry PE at 40.7, higher than company’s PE (27.4), suggesting relative undervaluation.
- Sector sentiment moderately stable with 52-week index at 29.0%.
✅ Conclusion
ELECON is a moderately suitable candidate for intraday trading. Fundamentals are strong, but short-term momentum is weak. Best suited for cautious scalps between 450–475 ₹ with strict stop-loss at 445 ₹. Avoid aggressive positions until volume improves and price moves closer to 200 DMA.