GRASIM - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.5
| Stock Code | GRASIM | Market Cap | 1,93,122 Cr. | Current Price | 2,838 ₹ | High / Low | 2,979 ₹ |
| Stock P/E | 562 | Book Value | 808 ₹ | Dividend Yield | 0.35 % | ROCE | 1.52 % |
| ROE | 0.35 % | Face Value | 2.00 ₹ | DMA 50 | 2,799 ₹ | DMA 200 | 2,748 ₹ |
| Chg in FII Hold | 0.12 % | Chg in DII Hold | -0.28 % | PAT Qtr | 805 Cr. | PAT Prev Qtr | -118 Cr. |
| RSI | 55.4 | MACD | 1.72 | Volume | 5,72,641 | Avg Vol 1Wk | 7,97,676 |
| Low price | 2,301 ₹ | High price | 2,979 ₹ | PEG Ratio | -9.31 | Debt to equity | 0.24 |
| 52w Index | 79.2 % | Qtr Profit Var | 6.31 % | EPS | 3.29 ₹ | Industry PE | 30.8 |
📊 Analysis: GRASIM is trading at ₹2,838, slightly above its 50 DMA (₹2,799) and 200 DMA (₹2,748), showing near-term technical support. RSI at 55.4 indicates neutral-to-positive momentum, while MACD at 1.72 suggests mild bullishness. Intraday volume (5.7 lakh) is below the 1-week average (7.9 lakh), limiting sharp moves. Valuation is extremely stretched with a P/E of 562 compared to industry P/E of 30.8, raising caution for intraday traders despite recent profit recovery.
💡 Optimal Buy Price: ₹2,820–2,835 (near support zone).
🎯 Profit-Taking Levels: ₹2,870–2,900 (short-term resistance).
🛡️ Stop-Loss: ₹2,800 (below 50 DMA support).
⏱️ If Already Holding: Exit intraday if price fails to sustain above ₹2,820 or if RSI drops below 50 with weakening momentum. Consider booking profits near ₹2,870–2,900 if price action stalls and volume remains subdued.
✅ Positive
- Trading above both 50 DMA and 200 DMA indicates near-term support.
- Quarterly PAT recovery to ₹805 Cr. from a loss of ₹118 Cr. shows earnings rebound.
- Book value of ₹808 provides strong asset backing.
- FII holdings increased by 0.12%, showing foreign investor confidence.
⚠️ Limitation
- Extremely high P/E of 562 compared to industry average of 30.8 suggests severe overvaluation.
- ROCE (1.52%) and ROE (0.35%) are very weak, reflecting poor capital efficiency.
- PEG ratio of -9.31 signals poor growth alignment with valuation.
- Intraday volume weaker than average, reducing trading opportunities.
📉 Company Negative News
- DII holdings declined by -0.28%, signaling reduced domestic institutional confidence.
📈 Company Positive News
- Quarterly PAT turnaround highlights operational recovery.
- FII inflows (+0.12%) show foreign investor support.
🏭 Industry
- Industry P/E at 30.8 is far lower than GRASIM’s 562, highlighting relative overvaluation.
- Cement and diversified industrial sector demand remains cyclical but supported by infrastructure growth.
🔎 Conclusion
GRASIM shows moderate intraday potential with support near ₹2,820 and resistance around ₹2,870–2,900. While technicals are mildly positive, extreme valuation and weak efficiency metrics suggest caution. Suitable only for disciplined intraday traders with tight stop-loss and modest profit targets.