FORTIS - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.8
| Stock Code | FORTIS | Market Cap | 64,614 Cr. | Current Price | 857 ₹ | High / Low | 1,105 ₹ |
| Stock P/E | 349 | Book Value | 122 ₹ | Dividend Yield | 0.12 % | ROCE | 3.27 % |
| ROE | 1.41 % | Face Value | 10.0 ₹ | DMA 50 | 890 ₹ | DMA 200 | 859 ₹ |
| Chg in FII Hold | -0.06 % | Chg in DII Hold | 0.19 % | PAT Qtr | 105 Cr. | PAT Prev Qtr | 38.0 Cr. |
| RSI | 46.0 | MACD | -14.4 | Volume | 13,94,675 | Avg Vol 1Wk | 16,68,105 |
| Low price | 521 ₹ | High price | 1,105 ₹ | PEG Ratio | 2.22 | Debt to equity | 0.22 |
| 52w Index | 57.6 % | Qtr Profit Var | 9.77 % | EPS | 2.31 ₹ | Industry PE | 43.3 |
📊 Analysis: FORTIS shows weak potential for intraday trading today. RSI at 46.0 indicates neutral momentum, while MACD (-14.4) suggests bearish undertone. Current price (857 ₹) is below 50 DMA (890 ₹) but near 200 DMA (859 ₹), reflecting short-term weakness with limited support. Volume (13,94,675) is lower than weekly average (16,68,105), reducing intraday volatility. Extremely high P/E (349) compared to industry PE (43.3) highlights severe overvaluation concerns.
💰 Optimal Buy Price: 850–860 ₹ if support holds.
📈 Profit-Taking Levels: 875–890 ₹ (near-term resistance zone).
⚠️ Stop-Loss: 835 ₹ to protect against downside risk.
⏱️ If Already Holding: Exit near 875–890 ₹ if momentum fades. If price breaks below 835 ₹ with volume, consider immediate exit to avoid deeper losses.
🌟 Positive
- Quarterly PAT improved to 105 Cr. from 38 Cr. (+9.77% variation).
- DII holdings increased (+0.19%), showing domestic investor support.
- Price trading close to 200 DMA, offering some technical support.
⚠️ Limitation
- Price below 50 DMA, signaling short-term weakness.
- MACD negative (-14.4), showing bearish momentum.
- Volume lower than weekly average, limiting intraday moves.
- Dividend yield at 0.12%, offering minimal shareholder return.
📉 Company Negative News
- FII holdings decreased (-0.06%), showing reduced foreign confidence.
- ROCE (3.27%) and ROE (1.41%) are very weak, reflecting poor efficiency.
- Extremely high P/E (349) compared to industry PE (43.3), highlighting overvaluation.
📈 Company Positive News
- Quarterly profit growth highlights operational improvement.
- PEG ratio at 2.22, suggesting some valuation support relative to growth.
🏭 Industry
- Industry PE at 43.3, far lower than company’s PE, highlighting valuation risk.
- Sector sentiment moderately strong with 52-week index at 57.6%.
✅ Conclusion
FORTIS is a weak candidate for intraday trading today. Strong fundamentals are overshadowed by poor technicals, weak return ratios, and overvaluation. Suitable only for cautious scalps between 850–890 ₹ with strict stop-loss at 835 ₹. Risk outweighs reward for aggressive intraday positions.