HONASA - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | HONASA | Market Cap | 9,018 Cr. | Current Price | 277 ₹ | High / Low | 334 ₹ |
| Stock P/E | 72.5 | Book Value | 38.8 ₹ | Dividend Yield | 0.00 % | ROCE | 7.44 % |
| ROE | 5.51 % | Face Value | 10.0 ₹ | DMA 50 | 279 ₹ | DMA 200 | 286 ₹ |
| Chg in FII Hold | -0.88 % | Chg in DII Hold | -0.51 % | PAT Qtr | 38.4 Cr. | PAT Prev Qtr | 39.9 Cr. |
| RSI | 49.0 | MACD | -1.65 | Volume | 8,00,735 | Avg Vol 1Wk | 3,54,388 |
| Low price | 190 ₹ | High price | 334 ₹ | PEG Ratio | 1.52 | Debt to equity | 0.09 |
| 52w Index | 60.5 % | Qtr Profit Var | 357 % | EPS | 3.83 ₹ | Industry PE | 46.7 |
📊 Analysis: HONASA shows weak fundamentals with high P/E (72.5) compared to industry PE (46.7), low ROCE (7.44%) and ROE (5.51%). RSI at 49.0 indicates neutral momentum, while MACD at -1.65 signals mild bearish sentiment. Price is hovering near both 50 DMA (279 ₹) and 200 DMA (286 ₹), reflecting indecision. Volume is significantly higher than weekly average, suggesting strong trading activity. Intraday trading is moderately favorable but requires cautious entry and strict stop-losses.
💹 Optimal Buy Price: 273–278 ₹ (near support zone).
🎯 Profit-Taking Levels: 285 ₹ (first target), 295 ₹ (second target).
🛡️ Stop-Loss: 268 ₹ (to protect downside risk).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above 285 ₹ or if RSI weakens below 48. A spike in volume without price breakout also signals exit. Quick profit booking is advised near resistance levels around 295 ₹.
✅ Positive
- PEG ratio of 1.52 suggests reasonable growth valuation.
- Debt-to-equity ratio of 0.09 ensures financial stability.
- Quarterly PAT variation of 357% highlights strong earnings growth trend.
- Volume significantly higher than weekly average indicates strong market activity.
⚠️ Limitation
- High P/E (72.5) compared to industry average (46.7) suggests overvaluation.
- Low ROCE (7.44%) and ROE (5.51%) reflect weak efficiency.
- Dividend yield of 0.00% offers no income support.
- Price trading near DMA levels reflects indecision.
📉 Company Negative News
- FII holding decreased by -0.88%, showing reduced foreign investor confidence.
- DII holding decreased by -0.51%, reflecting weaker domestic institutional support.
- PAT declined slightly from 39.9 Cr. to 38.4 Cr.
📈 Company Positive News
- Quarterly profit variation of 357% indicates strong earnings growth momentum.
- Active trading volume suggests strong investor interest.
🏭 Industry
- Consumer goods sector remains competitive with steady demand outlook.
- Industry P/E at 46.7 is lower than HONASA’s 72.5, suggesting premium valuation.
🔎 Conclusion
HONASA is fundamentally weak but shows moderate intraday potential due to strong trading activity. Traders may attempt cautious scalps near support levels with strict stop-losses. Profit booking should be swift if resistance levels are tested, as upside momentum is limited by weak fundamentals and bearish MACD.