ELECON - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.0
| Stock Code | ELECON | Market Cap | 8,597 Cr. | Current Price | 383 ₹ | High / Low | 717 ₹ |
| Stock P/E | 23.0 | Book Value | 85.8 ₹ | Dividend Yield | 0.52 % | ROCE | 29.1 % |
| ROE | 22.6 % | Face Value | 1.00 ₹ | DMA 50 | 423 ₹ | DMA 200 | 495 ₹ |
| Chg in FII Hold | -0.22 % | Chg in DII Hold | 0.35 % | PAT Qtr | 61.9 Cr. | PAT Prev Qtr | 78.9 Cr. |
| RSI | 39.8 | MACD | -11.9 | Volume | 5,99,472 | Avg Vol 1Wk | 6,43,379 |
| Low price | 348 ₹ | High price | 717 ₹ | PEG Ratio | 0.45 | Debt to equity | 0.12 |
| 52w Index | 9.58 % | Qtr Profit Var | -32.7 % | EPS | 22.5 ₹ | Industry PE | 31.3 |
📊 ELECON shows moderate potential for intraday trading today. Momentum indicators (RSI 39.8, MACD -11.9) are weak, and volume is slightly below the 1-week average, suggesting limited upside. However, strong fundamentals (ROCE 29.1%, ROE 22.6%) and low debt provide support. Intraday trades should be cautious with tight stop-losses.
💰 Optimal Buy Price: 375–385 ₹ (near support)
📈 Profit-Taking Exit Levels: 400–410 ₹ (short-term resistance)
📉 Stop-Loss: 370 ₹ (below immediate support)
⏳ If Already Holding: Exit if price fails to sustain above 390 ₹ or if intraday volume remains weak. Momentum suggests quick profit booking on rallies rather than holding for extended moves.
✅ Positive
- Strong ROCE (29.1%) and ROE (22.6%) highlight operational efficiency.
- Low debt-to-equity ratio (0.12) indicates financial stability.
- PEG ratio of 0.45 suggests attractive valuation relative to growth.
- DII holdings increased (+0.35%), showing domestic institutional support.
⚠️ Limitation
- Current price (383 ₹) is below both DMA 50 (423 ₹) and DMA 200 (495 ₹), showing weak trend alignment.
- Volume (5,99,472) is lower than 1-week average (6,43,379), limiting intraday strength.
- MACD (-11.9) and RSI (39.8) indicate weak momentum.
📉 Company Negative News
- Quarterly PAT declined to 61.9 Cr. from 78.9 Cr.
- Quarterly profit variation dropped (-32.7%), showing earnings pressure.
- FII holdings decreased (-0.22%), reflecting reduced foreign investor confidence.
📈 Company Positive News
- EPS at 22.5 ₹ reflects profitability compared to peers.
- Dividend yield of 0.52% adds shareholder value.
- Strong fundamentals with consistent efficiency metrics.
🏭 Industry
- Industry PE is 31.3, higher than company PE (23.0), suggesting ELECON is relatively undervalued.
- Sector outlook remains stable, with growth potential in industrial equipment demand.
🔎 Conclusion
ELECON offers moderate intraday trading potential. Strong fundamentals support the stock, but weak momentum indicators and declining quarterly profits suggest caution. Traders may enter near support with tight stop-losses and book profits quickly on rallies. Long-term investors may find the stock attractive given its efficiency and undervaluation relative to industry peers.