HEG - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | HEG | Market Cap | 10,472 Cr. | Current Price | 543 ₹ | High / Low | 672 ₹ |
| Stock P/E | 43.8 | Book Value | 224 ₹ | Dividend Yield | 0.33 % | ROCE | 5.19 % |
| ROE | 3.40 % | Face Value | 2.00 ₹ | DMA 50 | 553 ₹ | DMA 200 | 519 ₹ |
| Chg in FII Hold | 0.55 % | Chg in DII Hold | 0.16 % | PAT Qtr | 131 Cr. | PAT Prev Qtr | 71.8 Cr. |
| RSI | 45.6 | MACD | -7.97 | Volume | 7,55,355 | Avg Vol 1Wk | 10,07,303 |
| Low price | 331 ₹ | High price | 672 ₹ | PEG Ratio | -1.51 | Debt to equity | 0.15 |
| 52w Index | 62.0 % | Qtr Profit Var | 111 % | EPS | 12.4 ₹ | Industry PE | 36.3 |
📊 Analysis: HEG is trading at ₹543, below its 50 DMA (₹553) but above its 200 DMA (₹519), showing mixed technical signals. RSI at 45.6 indicates weak momentum, while MACD at -7.97 suggests bearish undertone. Intraday volume (7.55 lakh) is lower than the 1-week average (10.07 lakh), limiting sharp moves. Valuation is expensive with a P/E of 43.8 compared to industry P/E of 36.3, though recent quarterly profit growth (+111%) provides some support.
💡 Optimal Buy Price: ₹535–545 (near support zone).
🎯 Profit-Taking Levels: ₹560–570 (short-term resistance near 50 DMA).
🛡️ Stop-Loss: ₹525 (below support).
⏱️ If Already Holding: Exit intraday if price fails to sustain above ₹535 or if MACD remains negative with weakening momentum. Consider booking profits near ₹560–570 if price action stalls and volume remains subdued.
✅ Positive
- Quarterly PAT improved from ₹71.8 Cr. to ₹131 Cr. (+111%), showing strong earnings recovery.
- Trading above 200 DMA provides longer-term support.
- FII holdings increased by 0.55% and DII holdings by 0.16%, showing institutional confidence.
- EPS of ₹12.4 supports earnings visibility.
⚠️ Limitation
- Trading below 50 DMA indicates weak short-term technical setup.
- MACD negative (-7.97), signaling bearish momentum.
- ROCE (5.19%) and ROE (3.40%) are low, reflecting poor capital efficiency.
- Dividend yield of 0.33% offers limited income appeal.
- Intraday volume weaker than average, reducing trading opportunities.
📉 Company Negative News
- Weak ROCE and ROE highlight inefficiency in capital utilization.
- Stock trading well below its 52-week high (672 ₹), showing underperformance.
📈 Company Positive News
- Strong quarterly profit growth (+111%) highlights operational improvement.
- Institutional inflows (FII +0.55%, DII +0.16%) show investor confidence.
🏭 Industry
- Industry P/E at 36.3 is lower than HEG’s 43.8, suggesting mild overvaluation.
- Electrode and specialty chemical demand remains cyclical but supported by industrial growth.
🔎 Conclusion
HEG shows limited intraday potential due to weak short-term technicals and bearish momentum. While fundamentals show profit recovery and institutional support, low efficiency metrics and resistance near 50 DMA suggest caution. Suitable only for disciplined intraday traders with tight stop-loss and modest profit targets around ₹560–570.