MAHABANK - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.1
| Stock Code | MAHABANK | Market Cap | 50,351 Cr. | Current Price | 65.4 ₹ | High / Low | 67.8 ₹ |
| Stock P/E | 7.74 | Book Value | 43.3 ₹ | Dividend Yield | 2.30 % | ROCE | 5.78 % |
| ROE | 22.9 % | Face Value | 10.0 ₹ | DMA 50 | 61.8 ₹ | DMA 200 | 57.6 ₹ |
| Chg in FII Hold | 2.57 % | Chg in DII Hold | 3.44 % | PAT Qtr | 1,779 Cr. | PAT Prev Qtr | 1,633 Cr. |
| RSI | 56.9 | MACD | 0.72 | Volume | 1,49,74,263 | Avg Vol 1Wk | 1,99,63,826 |
| Low price | 38.1 ₹ | High price | 67.8 ₹ | PEG Ratio | 0.11 | Debt to equity | 10.6 |
| 52w Index | 91.9 % | Qtr Profit Var | 26.5 % | EPS | 8.45 ₹ | Industry PE | 7.88 |
📊 Analysis: MAHABANK shows strong intraday potential. Current price (₹65.4) is trading above both 50 DMA (₹61.8) and 200 DMA (₹57.6), indicating bullish bias. RSI at 56.9 suggests healthy momentum without being overbought. MACD (0.72) is positive, confirming upward momentum. Volume (1,49,74,263) is lower than average weekly volume (1,99,63,826), which may limit sharp moves, but fundamentals remain supportive with strong profit growth and institutional inflows.
💹 Optimal Buy Price: ₹64.5 – ₹65.5 (near support zone).
🎯 Profit-Taking Levels: ₹67 – ₹68 (short-term resistance).
🛡️ Stop-Loss: ₹63 (below intraday support).
⏱️ Exit Strategy if Already Holding: Exit if price fails to sustain above ₹64.5 with weakening momentum or if RSI dips below 54 intraday. If volume strengthens with price action, partial profit booking near ₹67.5 is advisable.
Positive
- Quarterly PAT improved (₹1,779 Cr vs ₹1,633 Cr), showing earnings growth.
- EPS of ₹8.45 supports profitability.
- Dividend yield of 2.30% provides attractive passive returns.
- FII holdings increased (+2.57%) and DII holdings increased (+3.44%), showing strong institutional support.
- Stock trading above both 50 DMA and 200 DMA, confirming bullish technical setup.
Limitation
- ROCE (5.78%) is modest compared to peers.
- Debt-to-equity ratio of 10.6 reflects high leverage risk.
- Volume lower than average, reducing intraday breakout potential.
Company Negative News
- No major negative news, though high leverage remains a concern.
Company Positive News
- Quarterly profit growth of 26.5% strengthens fundamentals.
- Strong institutional inflows from both FII and DII investors.
Industry
- Industry P/E at 7.88 indicates sector stability, with MAHABANK trading in line at 7.74.
- Banking sector remains resilient, offering intraday opportunities with volatility.
Conclusion
⚖️ MAHABANK is a good candidate for intraday trading today. Strong fundamentals, bullish technicals, and institutional support favor upward momentum. Best strategy is entry near ₹65 with tight stop-loss and profit booking around ₹67.5.