ELGIEQUIP - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | ELGIEQUIP | Market Cap | 15,595 Cr. | Current Price | 492 ₹ | High / Low | 608 ₹ |
| Stock P/E | 44.4 | Book Value | 57.9 ₹ | Dividend Yield | 0.45 % | ROCE | 28.4 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 461 ₹ | DMA 200 | 494 ₹ |
| Chg in FII Hold | -3.01 % | Chg in DII Hold | 1.84 % | PAT Qtr | 90.8 Cr. | PAT Prev Qtr | 81.5 Cr. |
| RSI | 65.0 | MACD | -0.78 | Volume | 5,74,997 | Avg Vol 1Wk | 9,06,613 |
| Low price | 390 ₹ | High price | 608 ₹ | PEG Ratio | 1.90 | Debt to equity | 0.01 |
| 52w Index | 46.7 % | Qtr Profit Var | -7.24 % | EPS | 11.1 ₹ | Industry PE | 38.6 |
📊 Analysis: ELGIEQUIP shows decent potential for intraday trading. RSI at 65.0 indicates strong momentum, though MACD (-0.78) suggests mild short-term weakness. Current price (492 ₹) is above 50 DMA (461 ₹) and near 200 DMA (494 ₹), reflecting stability with slight resistance. Volume today (5,74,997) is below weekly average (9,06,613), which may limit sharp intraday moves. Overall, the stock is moderately favorable for intraday scalping.
💰 Optimal Buy Price: 488–492 ₹ if support holds.
📈 Profit-Taking Levels: 505–515 ₹ (near-term resistance zone).
⚠️ Stop-Loss: 482 ₹ to protect against downside risk.
⏱️ If Already Holding: Exit near 505–515 ₹ if momentum fades. If price breaks below 482 ₹ with volume, consider immediate exit to avoid deeper losses.
🌟 Positive
- Strong ROCE (28.4%) and ROE (21.9%), showing efficient capital use.
- Low debt-to-equity ratio (0.01), indicating financial stability.
- DII holdings increased (+1.84%), reflecting domestic investor confidence.
- Quarterly PAT improved to 90.8 Cr. from 81.5 Cr., showing growth.
⚠️ Limitation
- MACD slightly negative (-0.78), signaling short-term weakness.
- Volume lower than weekly average, limiting intraday volatility.
- High P/E (44.4) compared to industry PE (38.6), suggesting premium valuation.
📉 Company Negative News
- Quarterly profit variation -7.24%, showing near-term pressure.
- FII holdings decreased (-3.01%), reflecting reduced foreign confidence.
📈 Company Positive News
- EPS at 11.1 ₹ reflects consistent profitability.
- Dividend yield of 0.45% adds shareholder value.
🏭 Industry
- Industry PE at 38.6, slightly lower than company’s PE, indicating relative overvaluation.
- Sector sentiment moderately stable with 52-week index at 46.7%.
✅ Conclusion
ELGIEQUIP is a moderately good candidate for intraday trading. Strong fundamentals and momentum support short-term gains, but lower volume and mild MACD weakness limit upside. Suitable for cautious scalps between 488–515 ₹ with strict stop-loss at 482 ₹.