HINDCOPPER - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.4
| Stock Code | HINDCOPPER | Market Cap | 47,302 Cr. | Current Price | 489 ₹ | High / Low | 760 ₹ |
| Stock P/E | 70.9 | Book Value | 30.9 ₹ | Dividend Yield | 0.30 % | ROCE | 23.8 % |
| ROE | 18.7 % | Face Value | 5.00 ₹ | DMA 50 | 535 ₹ | DMA 200 | 413 ₹ |
| Chg in FII Hold | 1.51 % | Chg in DII Hold | -0.43 % | PAT Qtr | 156 Cr. | PAT Prev Qtr | 186 Cr. |
| RSI | 36.6 | MACD | -20.4 | Volume | 1,32,50,676 | Avg Vol 1Wk | 1,28,51,229 |
| Low price | 184 ₹ | High price | 760 ₹ | PEG Ratio | 9.45 | Debt to equity | 0.05 |
| 52w Index | 53.0 % | Qtr Profit Var | 149 % | EPS | 6.90 ₹ | Industry PE | 95.2 |
📊 Analysis: HINDCOPPER is trading at ₹489, below its 50 DMA (₹535) but above its 200 DMA (₹413), showing mixed signals. RSI at 36.6 indicates oversold conditions, while MACD (-20.4) remains negative, confirming bearish momentum. Current volume (1.32 Cr.) is slightly above the weekly average (1.28 Cr.), showing active intraday participation. Valuation is expensive with a P/E of 70.9 compared to industry PE of 95.2, and quarterly profit has declined.
💡 Optimal Buy Price: ₹482–₹486 if support holds.
🎯 Profit-Taking Levels: ₹500 (first resistance), ₹515 (second resistance).
🛡️ Stop-Loss: ₹475 (below intraday support).
⏱️ If Already Holding: Exit near ₹500 if momentum stalls or RSI fails to cross 40 intraday. If price breaks below ₹475 with volume, cut positions quickly to protect capital.
Positive
- Strong ROCE (23.8%) and ROE (18.7%) highlight efficient capital use.
- PEG ratio of 9.45 suggests growth potential despite valuation concerns.
- Quarterly PAT of ₹156 Cr. remains healthy despite decline.
- EPS of ₹6.90 supports valuation strength.
- FII holdings increased (+1.51%), showing foreign investor confidence.
Limitation
- Trading below 50 DMA signals short-term weakness.
- P/E (70.9) is high compared to industry average, making valuation expensive.
- Quarterly PAT dropped from ₹186 Cr. to ₹156 Cr., showing earnings pressure.
- DII holding decreased (-0.43%), showing reduced domestic institutional confidence.
- Dividend yield of 0.30% is modest.
Company Negative News
- MACD remains negative, showing bearish momentum.
- Stock corrected sharply from 52-week high of ₹760 to current levels.
Company Positive News
- Quarterly profit variation of 149% indicates strong year-on-year 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 95.2 indicates HINDCOPPER trades at a discount compared to peers.
Conclusion
⚖️ HINDCOPPER has strong fundamentals and foreign investor support but weak intraday momentum. It is a cautious intraday candidate with limited upside unless RSI recovers and volume sustains. Best suited for speculative quick trades near support levels with strict stop-loss discipline.
Selva, this one looks like a discounted valuation play within the metals sector but technically weak intraday setup. If you’d like, I can prepare a peer benchmarking overlay (Hindustan Zinc, Vedanta, NMDC) to compare intraday strength across the metals basket. That way, you’ll know if HINDCOPPER is lagging or leading its sector peers today. Would you like me to generate that comparison?