HONASA - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | HONASA | Market Cap | 11,183 Cr. | Current Price | 344 ₹ | High / Low | 360 ₹ |
| Stock P/E | 72.4 | Book Value | 38.8 ₹ | Dividend Yield | 0.00 % | ROCE | 7.44 % |
| ROE | 5.51 % | Face Value | 10.0 ₹ | DMA 50 | 317 ₹ | DMA 200 | 297 ₹ |
| Chg in FII Hold | -0.88 % | Chg in DII Hold | 0.60 % | PAT Qtr | 51.7 Cr. | PAT Prev Qtr | 38.4 Cr. |
| RSI | 61.8 | MACD | 10.6 | Volume | 2,40,216 | Avg Vol 1Wk | 4,37,724 |
| Low price | 232 ₹ | High price | 360 ₹ | PEG Ratio | 1.52 | Debt to equity | 0.09 |
| 52w Index | 87.6 % | Qtr Profit Var | 109 % | EPS | 4.64 ₹ | Industry PE | 44.1 |
📊 HONASA shows moderate intraday potential today. RSI at 61.8 indicates bullish momentum, while MACD is positive (10.6), confirming upward strength. Current price (344 ₹) is above both 50 DMA (317 ₹) and 200 DMA (297 ₹), reflecting technical strength. However, volume is below the weekly average, showing reduced participation. Fundamentals are mixed — strong profit growth and EPS improvement, but valuations are stretched with high P/E (72.4) and modest ROCE/ROE.
- ✅ Optimal Buy Price (Intraday): Around 340–344 ₹ (near support zone)
- 📈 Profit-Taking Levels: 352–358 ₹ (short-term resistance)
- ⚠️ Stop-Loss / Exit Levels: 332 ₹ (below support)
📌 If already holding intraday, consider exiting near 352–358 ₹ if momentum slows. A break below 332 ₹ should trigger a protective exit.
Positive
- Quarterly PAT improved (51.7 Cr vs 38.4 Cr)
- Quarterly profit growth (+109%) supports bullish sentiment
- PEG ratio at 1.52 indicates fair valuation relative to growth
- FII confidence remains relatively stable despite slight reduction
Limitation
- High P/E (72.4) compared to industry PE (44.1), suggesting premium valuation
- ROCE (7.44%) and ROE (5.51%) are modest compared to peers
- Dividend yield is 0.00%, offering no income support
- Volume below weekly average, limiting intraday strength
Company Negative News
- FII holding reduced (-0.88%), showing foreign investor caution
- Stock trading below recent high (360 ₹), resistance overhead
Company Positive News
- DII holding increased (+0.60%), showing domestic institutional support
- EPS at 4.64 ₹ shows earnings improvement
Industry
- Industry PE at 44.1 vs stock PE at 72.4, indicating overvaluation
- Consumer goods sector outlook remains strong with demand growth
Conclusion
⚖️ HONASA is a moderately favorable intraday candidate today. Strong profit growth and technical positioning support upside potential, but stretched valuations, modest efficiency ratios, and weaker volume limit aggressive trades. Traders may enter near 340–344 ₹ with tight stop-loss at 332 ₹, targeting 352–358 ₹. Momentum favors cautious upside scalps.