ELGIEQUIP - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | ELGIEQUIP | Market Cap | 14,800 Cr. | Current Price | 467 ₹ | High / Low | 608 ₹ |
| Stock P/E | 39.9 | Book Value | 57.9 ₹ | Dividend Yield | 0.47 % | ROCE | 28.4 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 491 ₹ | DMA 200 | 497 ₹ |
| Chg in FII Hold | -3.01 % | Chg in DII Hold | 1.84 % | PAT Qtr | 99.1 Cr. | PAT Prev Qtr | 90.8 Cr. |
| RSI | 40.2 | MACD | -6.22 | Volume | 2,28,493 | Avg Vol 1Wk | 3,66,185 |
| Low price | 390 ₹ | High price | 608 ₹ | PEG Ratio | 1.71 | Debt to equity | 0.01 |
| 52w Index | 35.3 % | Qtr Profit Var | 23.7 % | EPS | 11.4 ₹ | Industry PE | 34.3 |
📊 ELGIEQUIP shows moderate potential for intraday trading today. Momentum indicators (RSI 40.2, MACD -6.22) are weak, and volume is below the 1-week average, suggesting limited upside. However, strong fundamentals (ROCE 28.4%, ROE 21.9%) and low debt provide support. Intraday trades can be considered with cautious entries near support levels.
💰 Optimal Buy Price: 460–470 ₹ (near support)
📈 Profit-Taking Exit Levels: 485–495 ₹ (short-term resistance)
📉 Stop-Loss: 455 ₹ (below immediate support)
⏳ If Already Holding: Exit if price fails to sustain above 475 ₹ or if intraday volume remains weak. Momentum suggests quick profit booking on rallies rather than holding for extended moves.
✅ Positive
- Strong ROCE (28.4%) and ROE (21.9%) highlight operational efficiency.
- Low debt-to-equity ratio (0.01) indicates financial strength.
- PAT improved to 99.1 Cr. from 90.8 Cr., showing earnings growth.
- DII holdings increased (+1.84%), reflecting domestic institutional support.
⚠️ Limitation
- Current price (467 ₹) is below both DMA 50 (491 ₹) and DMA 200 (497 ₹), showing weak trend alignment.
- Volume (2,28,493) is lower than 1-week average (3,66,185), limiting intraday strength.
- MACD (-6.22) and RSI (40.2) indicate weak momentum.
📉 Company Negative News
- FII holdings decreased (-3.01%), reflecting reduced foreign investor confidence.
- PEG ratio of 1.71 suggests relatively expensive growth valuation.
📈 Company Positive News
- Quarterly profit variation (+23.7%) shows improving earnings momentum.
- EPS at 11.4 ₹ reflects profitability compared to peers.
- Dividend yield of 0.47% adds shareholder value.
🏭 Industry
- Industry PE is 34.3, lower than company PE (39.9), indicating ELGIEQUIP trades at a premium.
- Sector outlook remains stable with demand growth in industrial equipment.
🔎 Conclusion
ELGIEQUIP offers moderate intraday trading potential. Strong fundamentals support the stock, but weak momentum indicators and reduced FII interest 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 growth trajectory, despite premium valuation.