HOMEFIRST - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.8
| Stock Code | HOMEFIRST | Market Cap | 12,445 Cr. | Current Price | 1,186 ₹ | High / Low | 1,519 ₹ |
| Stock P/E | 25.1 | Book Value | 386 ₹ | Dividend Yield | 0.31 % | ROCE | 11.4 % |
| ROE | 16.5 % | Face Value | 2.00 ₹ | DMA 50 | 1,134 ₹ | DMA 200 | 1,167 ₹ |
| Chg in FII Hold | 0.83 % | Chg in DII Hold | -1.23 % | PAT Qtr | 140 Cr. | PAT Prev Qtr | 132 Cr. |
| RSI | 57.4 | MACD | 17.2 | Volume | 1,57,771 | Avg Vol 1Wk | 3,45,210 |
| Low price | 839 ₹ | High price | 1,519 ₹ | PEG Ratio | 0.93 | Debt to equity | 2.40 |
| 52w Index | 51.0 % | Qtr Profit Var | 44.0 % | EPS | 49.4 ₹ | Industry PE | 16.4 |
📊 Analysis: HOMEFIRST shows moderate intraday potential. RSI at 57.4 indicates bullish momentum, and MACD at 17.2 supports positive sentiment. Price is trading above both 50 DMA (1,134 ₹) and 200 DMA (1,167 ₹), suggesting technical strength. Fundamentals are decent with ROE (16.5%) and EPS (49.4 ₹), but debt-to-equity at 2.40 is high, and volume is below weekly average, limiting momentum. Intraday trading is moderately favorable with cautious entry and strict stop-losses.
💹 Optimal Buy Price: 1,180–1,190 ₹ (near support zone).
🎯 Profit-Taking Levels: 1,205 ₹ (first target), 1,220 ₹ (second target).
🛡️ Stop-Loss: 1,170 ₹ (to protect downside risk).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 1,205 ₹ 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 1,220 ₹.
✅ Positive
- Price trading above both 50 DMA and 200 DMA shows technical support.
- Quarterly PAT growth from 132 Cr. to 140 Cr. indicates earnings improvement.
- EPS of 49.4 ₹ supports valuation strength.
- FII holding increased by 0.83%, reflecting foreign investor confidence.
- PEG ratio of 0.93 suggests reasonable growth valuation.
⚠️ Limitation
- Debt-to-equity ratio of 2.40 is relatively high.
- Dividend yield of 0.31% is very low.
- Volume lower than weekly average may limit intraday momentum.
📉 Company Negative News
- DII holding decreased by -1.23%, showing reduced domestic institutional support.
📈 Company Positive News
- Quarterly profit variation of 44% highlights strong earnings growth.
- FII holding increased, signaling foreign support.
🏭 Industry
- Housing finance sector remains resilient with steady demand outlook.
- Industry P/E at 16.4 is lower than HOMEFIRST’s 25.1, suggesting premium valuation.
🔎 Conclusion
HOMEFIRST is fundamentally decent and technically supported, making it a moderately 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 cautious bullish trades, but high debt levels and low volume warrant vigilance.