ERIS - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.9
| Stock Code | ERIS | Market Cap | 19,758 Cr. | Current Price | 1,427 ₹ | High / Low | 1,910 ₹ |
| Stock P/E | 70.1 | Book Value | 203 ₹ | Dividend Yield | 0.51 % | ROCE | 6.86 % |
| ROE | 3.02 % | Face Value | 1.00 ₹ | DMA 50 | 1,489 ₹ | DMA 200 | 1,536 ₹ |
| Chg in FII Hold | -0.36 % | Chg in DII Hold | 0.95 % | PAT Qtr | 150 Cr. | PAT Prev Qtr | 100.0 Cr. |
| RSI | 46.9 | MACD | -34.9 | Volume | 26,911 | Avg Vol 1Wk | 40,948 |
| Low price | 1,097 ₹ | High price | 1,910 ₹ | PEG Ratio | -1.62 | Debt to equity | 0.79 |
| 52w Index | 40.6 % | Qtr Profit Var | 432 % | EPS | 20.7 ₹ | Industry PE | 29.1 |
📊 Analysis: ERIS shows weak potential for intraday trading today. RSI at 46.9 indicates neutral momentum, while MACD (-34.9) signals bearish undertone. Current price (1,427 ₹) is below both 50 DMA (1,489 ₹) and 200 DMA (1,536 ₹), reflecting short-term weakness. Volume (26,911) is lower than weekly average (40,948), limiting intraday volatility. Despite strong quarterly profit growth, technical indicators suggest caution.
💰 Optimal Buy Price: 1,420–1,430 ₹ if support holds.
📈 Profit-Taking Levels: 1,450–1,470 ₹ (near-term resistance zone).
⚠️ Stop-Loss: 1,400 ₹ to protect against downside risk.
⏱️ If Already Holding: Exit near 1,450–1,470 ₹ if momentum fades. If price breaks below 1,400 ₹ with volume, consider immediate exit to avoid deeper losses.
🌟 Positive
- Quarterly PAT surged to 150 Cr. from 100 Cr. (+432%).
- DII holdings increased (+0.95%), showing domestic investor confidence.
- EPS at 20.7 ₹ reflects profitability.
⚠️ Limitation
- Price below both 50 DMA and 200 DMA, signaling bearish trend.
- Low trading volume compared to weekly average, limiting intraday moves.
- High P/E (70.1) compared to industry PE (29.1), suggesting overvaluation.
- Weak ROCE (6.86%) and ROE (3.02%), showing inefficient capital use.
📉 Company Negative News
- FII holdings decreased (-0.36%), showing reduced foreign confidence.
- Debt-to-equity ratio at 0.79, relatively high for the sector.
- PEG ratio negative (-1.62), indicating valuation concerns.
📈 Company Positive News
- Strong quarterly profit growth highlights operational improvement.
- Dividend yield of 0.51% adds shareholder value.
🏭 Industry
- Industry PE at 29.1, much lower than company’s PE, highlighting premium valuation risk.
- Sector sentiment moderately stable with 52-week index at 40.6%.
✅ Conclusion
ERIS is a weak candidate for intraday trading today. Strong fundamentals are overshadowed by poor technicals and low momentum. Suitable only for cautious scalps between 1,420–1,470 ₹ with strict stop-loss at 1,400 ₹. Risk outweighs reward for aggressive intraday positions.