ENRIN - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | ENRIN | Market Cap | 1,34,347 Cr. | Current Price | 3,773 ₹ | High / Low | 3,821 ₹ |
| Stock P/E | 99.6 | Book Value | 135 ₹ | Dividend Yield | 0.11 % | ROCE | 67.8 % |
| ROE | 50.5 % | Face Value | 2.00 ₹ | DMA 50 | 3,117 ₹ | DMA 200 | 2,955 ₹ |
| Chg in FII Hold | 0.38 % | Chg in DII Hold | -0.08 % | PAT Qtr | 375 Cr. | PAT Prev Qtr | 351 Cr. |
| RSI | 72.4 | MACD | 148 | Volume | 20,66,016 | Avg Vol 1Wk | 12,37,951 |
| Low price | 2,105 ₹ | High price | 3,821 ₹ | Debt to equity | 0.04 | 52w Index | 97.2 % |
| Qtr Profit Var | 52.2 % | EPS | 36.8 ₹ | Industry PE | 36.6 |
📊 ENRIN shows strong intraday potential. RSI at 72.4 indicates overbought conditions, while MACD (148) is strongly positive, suggesting bullish momentum. Current price (3,773 ₹) is well above both 50 DMA (3,117 ₹) and 200 DMA (2,955 ₹), reflecting strong short-term and medium-term strength. Volume (20.6L) is significantly higher than the 1-week average (12.3L), showing strong participation today.
💡 Optimal Buy Price: 3,750–3,770 ₹ (near support)
🎯 Profit-Taking Levels: 3,800–3,820 ₹ (resistance zone)
🛑 Stop-Loss: 3,700 ₹ (below support)
⏱ If already holding: Exit near 3,800–3,820 ₹ if momentum weakens or volume fails to sustain. If price breaks below 3,700 ₹ with strong selling pressure, consider intraday exit to protect capital.
Positive
- ✅ Exceptional ROCE at 67.8% and ROE at 50.5%
- ✅ EPS at 36.8 ₹ reflects strong earnings
- ✅ Quarterly PAT growth (375 Cr vs 351 Cr)
- ✅ Price trading well above both 50 DMA and 200 DMA
- ✅ Very low debt-to-equity ratio at 0.04
Limitation
- ⚠️ Extremely high P/E ratio of 99.6 compared to industry average (36.6)
- ⚠️ RSI at 72.4 indicates overbought conditions
- ⚠️ Dividend yield at 0.11% offers minimal income support
Company Negative News
- 📉 Decline in DII holding (-0.08%) shows reduced domestic institutional support
Company Positive News
- 📈 FII holding increased (+0.38%), showing foreign investor confidence
- 📈 Quarterly profit variation at +52.2% indicates strong earnings momentum
Industry
- 🏦 Industry PE at 36.6 vs ENRIN PE at 99.6 shows significant overvaluation
- 🏦 Energy sector remains growth-oriented with strong demand drivers
Conclusion
⚖️ ENRIN offers strong intraday trading potential with bullish signals from RSI, MACD, and price strength above key moving averages. Traders may attempt entries near 3,750–3,770 ₹ with profit targets around 3,800–3,820 ₹. However, overbought RSI and high valuation suggest cautious positioning with strict stop-losses.
Would you like me to extend this into a swing trade analysis for medium-term clarity, or refine the intraday trading plan further?