HINDALCO - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | HINDALCO | Market Cap | 2,16,644 Cr. | Current Price | 964 ₹ | High / Low | 1,030 ₹ |
| Stock P/E | 30.3 | Book Value | 326 ₹ | Dividend Yield | 0.52 % | ROCE | 12.9 % |
| ROE | 8.98 % | Face Value | 1.00 ₹ | DMA 50 | 898 ₹ | DMA 200 | 784 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | -0.94 % | PAT Qtr | 2,266 Cr. | PAT Prev Qtr | 1,862 Cr. |
| RSI | 56.8 | MACD | 19.5 | Volume | 45,52,172 | Avg Vol 1Wk | 1,02,12,082 |
| Low price | 546 ₹ | High price | 1,030 ₹ | PEG Ratio | 12.6 | Debt to equity | 0.18 |
| 52w Index | 86.4 % | Qtr Profit Var | 19.8 % | EPS | 31.8 ₹ | Industry PE | 26.8 |
📊 Analysis: Hindalco shows strong momentum with RSI at 56.8 (bullish zone) and MACD at 19.5 (positive crossover). Price is trading well above both 50 DMA (898 ₹) and 200 DMA (784 ₹), indicating strong technical support. Fundamentals are steady with ROCE (12.9%) and ROE (8.98%), though valuations are slightly stretched compared to industry PE (26.8). Volume is lower than weekly average, suggesting reduced participation, but overall intraday setup looks favorable.
💹 Optimal Buy Price: 960–965 ₹ (near support zone).
🎯 Profit-Taking Levels: 980 ₹ (first target), 1,000 ₹ (second target).
🛡️ Stop-Loss: 950 ₹ (to protect downside risk).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 975 ₹ or if RSI weakens below 55. A drop in volume with sideways price action also signals exit. Quick profit booking is advised near resistance levels around 1,000 ₹.
✅ Positive
- Price trading above both 50 DMA and 200 DMA shows strong technical support.
- Quarterly PAT growth from 1,862 Cr. to 2,266 Cr. indicates earnings momentum.
- EPS of 31.8 ₹ supports valuation strength.
- FII holding increased slightly by 0.03%, reflecting foreign investor confidence.
⚠️ Limitation
- ROE (8.98%) and ROCE (12.9%) are modest compared to peers.
- PEG ratio of 12.6 suggests expensive growth prospects.
- Dividend yield of 0.52% is relatively low.
- Volume lower than weekly average may limit intraday momentum.
📉 Company Negative News
- DII holding decreased by -0.94%, showing reduced domestic institutional support.
📈 Company Positive News
- Quarterly profit variation of 19.8% highlights strong earnings growth.
- FII holding increased slightly, signaling foreign support.
🏭 Industry
- Metals and mining sector remains cyclical but benefits from global demand recovery.
- Industry PE at 26.8 is lower than Hindalco’s 30.3, suggesting premium valuation.
🔎 Conclusion
Hindalco is fundamentally steady and technically strong, making it a good candidate for intraday trading. Traders may enter near support levels with tight stop-losses and aim for quick profit booking around resistance. Momentum indicators favor bullish trades, but caution is advised due to lower-than-average volume.