HINDALCO - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | HINDALCO | Market Cap | 2,09,824 Cr. | Current Price | 934 ₹ | High / Low | 1,030 ₹ |
| Stock P/E | 24.1 | Book Value | 326 ₹ | Dividend Yield | 0.54 % | ROCE | 12.9 % |
| ROE | 8.98 % | Face Value | 1.00 ₹ | DMA 50 | 924 ₹ | DMA 200 | 822 ₹ |
| Chg in FII Hold | 0.03 % | Chg in DII Hold | -0.94 % | PAT Qtr | 3,017 Cr. | PAT Prev Qtr | 2,266 Cr. |
| RSI | 49.3 | MACD | 1.30 | Volume | 40,66,294 | Avg Vol 1Wk | 73,11,406 |
| Low price | 546 ₹ | High price | 1,030 ₹ | PEG Ratio | 10.0 | Debt to equity | 0.18 |
| 52w Index | 80.1 % | Qtr Profit Var | 106 % | EPS | 38.7 ₹ | Industry PE | 17.0 |
📊 Analysis: HINDALCO is trading at ₹934, slightly above its 50 DMA (₹924) and well above its 200 DMA (₹822), showing medium-term strength. RSI at 49.3 indicates neutral momentum, while MACD (1.30) is mildly positive, suggesting weak bullish bias. Current volume (40.6 Lakh) is lower than the weekly average (73.1 Lakh), reflecting reduced intraday participation. Valuation is moderately high with a P/E of 24.1 compared to industry PE of 17.0, but quarterly profit growth is strong.
💡 Optimal Buy Price: ₹925–₹930 if support holds.
🎯 Profit-Taking Levels: ₹950 (first resistance), ₹970 (second resistance).
🛡️ Stop-Loss: ₹915 (below intraday support).
⏱️ If Already Holding: Exit near ₹950 if momentum stalls or RSI fails to cross 52 intraday. If price breaks below ₹915 with volume, cut positions quickly to protect capital.
Positive
- Strong ROCE (12.9%) and ROE (8.98%) highlight efficient capital use.
- PEG ratio of 10.0 suggests growth potential despite valuation concerns.
- Quarterly PAT growth from ₹2,266 Cr. to ₹3,017 Cr. shows strong earnings momentum.
- EPS of ₹38.7 supports valuation strength.
- FII holdings increased (+0.03%), showing marginal foreign investor support.
Limitation
- P/E (24.1) is higher than industry average (17.0), making valuation relatively expensive.
- Volume is lower than weekly average, showing weaker intraday participation.
- DII holding decreased (-0.94%), showing reduced domestic institutional confidence.
- Dividend yield of 0.54% is modest.
Company Negative News
- MACD remains weak, showing limited bullish momentum.
- Stock corrected from 52-week high of ₹1,030 to current levels.
Company Positive News
- Quarterly profit variation of 106% indicates strong earnings recovery.
- Trading above 200 DMA shows medium-term strength.
Industry
- Metals sector benefits from global demand recovery but faces commodity price volatility.
- Industry PE at 17.0 indicates HINDALCO trades at a premium valuation.
Conclusion
⚖️ HINDALCO has strong fundamentals and robust profit growth but trades at a premium valuation. Intraday signals are neutral-to-positive, making it a cautious candidate for quick trades near support levels with strict stop-loss discipline. Upside potential exists if volume improves and RSI strengthens.
Selva, this one looks like a medium-term strength but intraday neutral setup. If you’d like, I can prepare a peer benchmarking overlay (NALCO, Vedanta, Hindustan Zinc) to compare intraday strength across the metals basket. That way, you’ll know if HINDALCO is lagging or leading its sector peers today. Would you like me to generate that comparison?