MANYAVAR - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.6
| Stock Code | MANYAVAR | Market Cap | 11,713 Cr. | Current Price | 482 ₹ | High / Low | 975 ₹ |
| Stock P/E | 30.4 | Book Value | 70.8 ₹ | Dividend Yield | 1.66 % | ROCE | 25.9 % |
| ROE | 22.3 % | Face Value | 1.00 ₹ | DMA 50 | 551 ₹ | DMA 200 | 700 ₹ |
| Chg in FII Hold | -0.47 % | Chg in DII Hold | 1.05 % | PAT Qtr | 56.1 Cr. | PAT Prev Qtr | 70.3 Cr. |
| RSI | 28.5 | MACD | -24.7 | Volume | 1,47,876 | Avg Vol 1Wk | 1,88,729 |
| Low price | 466 ₹ | High price | 975 ₹ | PEG Ratio | 4.06 | Debt to equity | 0.27 |
| 52w Index | 3.28 % | Qtr Profit Var | -16.2 % | EPS | 15.9 ₹ | Industry PE | 43.7 |
📊 Analysis: MANYAVAR is trading at ₹482, well below both 50 DMA (₹551) and 200 DMA (₹700), indicating strong bearish undertone. RSI (28.5) is in oversold territory, suggesting potential for a short-term rebound, but MACD (-24.7) confirms negative momentum. Intraday volume (1,47,876) is lower than the 1-week average (1,88,729), showing weak trader participation. Overall, the stock is not an ideal candidate for intraday trading today, though speculative scalps may be possible near support.
💡 Optimal Buy Price: ₹475–₹482 if price consolidates near support.
🎯 Profit-Taking Exit Levels: ₹495–₹505 (short-term resistance zone).
🛡️ Stop-Loss Protection: ₹465 (below recent support).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above ₹490 or if RSI remains below 30 with weakening volume. Quick profit booking is advisable given bearish momentum.
✅ Positive
- Strong ROCE (25.9%) and ROE (22.3%) indicate efficient capital use.
- Dividend yield of 1.66% provides investor confidence.
- DII holdings increased (+1.05%), showing domestic support.
- EPS of ₹15.9 reflects a solid earnings base.
⚠️ Limitation
- Price trading significantly below both 50 DMA and 200 DMA.
- Quarterly PAT declined to ₹56.1 Cr from ₹70.3 Cr (-16.2%).
- Weak intraday volume compared to average.
- PEG ratio of 4.06 indicates expensive valuation relative to growth.
📉 Company Negative News
- FII holdings reduced (-0.47%).
- Stock near 52-week low (₹466), reflecting weak sentiment.
📈 Company Positive News
- DII holdings increased (+1.05%).
- Strong fundamentals with high ROCE and ROE.
- Dividend yield among the better in the sector.
🏭 Industry
- Industry PE is 43.7, higher than MANYAVAR’s P/E (30.4), suggesting relative undervaluation.
- Apparel and retail sector remains cyclical, dependent on consumer demand and festive seasons.
🔎 Conclusion
MANYAVAR is weak for intraday trading today due to bearish technicals, low volumes, and earnings decline. While oversold RSI may trigger a short-term bounce, risk-reward is unfavorable. Best suited for cautious scalps near support with tight stop-losses, rather than aggressive intraday positions.