ELGIEQUIP - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.9
| Stock Code | ELGIEQUIP | Market Cap | 17,238 Cr. | Current Price | 544 ₹ | High / Low | 608 ₹ |
| Stock P/E | 46.5 | Book Value | 57.9 ₹ | Dividend Yield | 0.41 % | ROCE | 28.4 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 516 ₹ | DMA 200 | 503 ₹ |
| Chg in FII Hold | -0.91 % | Chg in DII Hold | 1.00 % | PAT Qtr | 99.1 Cr. | PAT Prev Qtr | 90.8 Cr. |
| RSI | 56.0 | MACD | 15.2 | Volume | 1,40,320 | Avg Vol 1Wk | 3,61,022 |
| Low price | 408 ₹ | High price | 608 ₹ | PEG Ratio | 2.00 | Debt to equity | 0.01 |
| 52w Index | 67.8 % | Qtr Profit Var | 23.7 % | EPS | 11.4 ₹ | Industry PE | 39.2 |
📊 ELGIEQUIP shows strong fundamentals and decent intraday potential. The stock has excellent ROE/ROCE, very low debt, and is trading above both 50 DMA and 200 DMA, indicating bullish momentum. RSI (56.0) and MACD (15.2) suggest continued strength, though volume is below average, which may limit sharp intraday moves.
💡 Optimal Buy Price (if trading intraday): 540–545 ₹ (near current price and 50 DMA support).
🎯 Potential Exit Levels: Profit-taking around 560–570 ₹; Stop-loss near 530 ₹.
⏱ If already holding intraday: Exit if price fails to sustain above 544 ₹ or if RSI drops below 50 with weakening volume.
Positive
- Strong ROCE (28.4%) and ROE (21.9%).
- Debt-to-equity ratio extremely low at 0.01.
- PAT improved to 99.1 Cr. from 90.8 Cr. in the previous quarter.
- Trading above both 50 DMA and 200 DMA, confirming bullish trend.
Limitation
- Stock P/E (46.5) higher than industry average (39.2), showing premium valuation.
- Volume significantly below weekly average, limiting intraday strength.
- PEG ratio at 2.00 indicates stretched valuation relative to growth.
Company Negative News
- Decline in FII holdings (-0.91%).
Company Positive News
- DII holdings increased (+1.00%).
- Quarterly profit variation strong at +23.7%.
Industry
- Industry PE at 39.2, slightly lower than company PE, showing ELGIEQUIP trades at a premium.
- Sector sentiment strong with 52w index at 67.8%.
Conclusion
✅ ELGIEQUIP is a good intraday candidate today. Strong fundamentals, bullish technical indicators, and support near 50 DMA favor short-term gains. Traders should watch volume closely and use tight stop-losses to manage risk, but overall momentum supports a positive intraday outlook.