ENRIN - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.9
| Stock Code | ENRIN | Market Cap | 92,680 Cr. | Current Price | 2,605 ₹ | High / Low | 3,625 ₹ |
| Stock P/E | 83.8 | Book Value | 123 ₹ | Dividend Yield | 0.15 % | ROCE | 39.0 % |
| ROE | 29.1 % | Face Value | 2.00 ₹ | DMA 50 | 2,633 ₹ | DMA 200 | 2,896 ₹ |
| Chg in FII Hold | 1.05 % | Chg in DII Hold | -1.35 % | PAT Qtr | 360 Cr. | PAT Prev Qtr | 263 Cr. |
| RSI | 58.1 | MACD | -41.7 | Volume | 10,09,680 | Avg Vol 1Wk | 6,83,399 |
| Low price | 2,105 ₹ | High price | 3,625 ₹ | Debt to equity | 0.03 | 52w Index | 32.9 % |
| Qtr Profit Var | % | EPS | 30.9 ₹ | Industry PE | 40.7 |
📊 Analysis: ENRIN is trading at ₹2,605, slightly below its 50 DMA (₹2,633) and 200 DMA (₹2,896), showing mild technical weakness. RSI at 58.1 indicates moderate bullish momentum, but MACD (-41.7) signals short-term bearish divergence. Current volume (10.1 lakh) is higher than the weekly average (6.8 lakh), reflecting strong intraday participation. Fundamentals are impressive with ROCE at 39% and ROE at 29.1%, though valuations are stretched with a P/E of 83.8 compared to industry PE of 40.7.
💡 Optimal Buy Price: ₹2,590–2,610 near support levels.
🎯 Profit-Taking Exit Levels: ₹2,640–2,670 (short-term resistance zone).
🛑 Stop-Loss Protection: ₹2,570 (below immediate support).
⏱️ Intraday Exit Strategy: If already holding, consider exiting near ₹2,640–2,670 if RSI approaches 60 but fails to break higher or if volume momentum weakens. Exit immediately if price breaks below ₹2,570 with strong selling pressure.
✅ Positive
- Strong ROCE (39%) and ROE (29.1%) highlight excellent efficiency.
- EPS of ₹30.9 supports profitability.
- Quarterly PAT improved from ₹263 Cr. to ₹360 Cr.
- FII holdings increased by 1.05%, showing foreign investor confidence.
- Debt-to-equity ratio of 0.03 indicates virtually debt-free balance sheet.
⚠️ Limitation
- High P/E of 83.8 compared to industry PE of 40.7.
- MACD remains negative, signaling short-term weakness.
- Dividend yield at only 0.15%, limiting investor returns.
📉 Company Negative News
- DII holdings decreased by 1.35%, showing reduced domestic institutional support.
- Valuation concerns with P/E more than double industry average.
📈 Company Positive News
- Quarterly PAT growth indicates improving profitability.
- Strong efficiency metrics (ROCE and ROE).
- High trading volume today supports intraday opportunities.
🏭 Industry
- Industry PE at 40.7, much lower than ENRIN’s P/E, suggesting overvaluation.
- Sector outlook remains strong with growth opportunities in energy and infrastructure.
🔎 Conclusion
ENRIN shows strong fundamentals and high efficiency but faces short-term technical weakness due to negative MACD and stretched valuations. Intraday traders can cautiously buy near ₹2,590–2,610 with a strict stop-loss at ₹2,570 and aim for exits around ₹2,640–2,670. Risk management is essential given high P/E and institutional divergence, though strong volume and profitability favor short-term bullish opportunities.