NEWGEN - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.6
| Stock Code | NEWGEN | Market Cap | 6,241 Cr. | Current Price | 438 ₹ | High / Low | 1,336 ₹ |
| Stock P/E | 19.7 | Book Value | 115 ₹ | Dividend Yield | 1.37 % | ROCE | 26.2 % |
| ROE | 20.8 % | Face Value | 10.0 ₹ | DMA 50 | 481 ₹ | DMA 200 | 679 ₹ |
| Chg in FII Hold | -2.86 % | Chg in DII Hold | -0.83 % | PAT Qtr | 110 Cr. | PAT Prev Qtr | 79.8 Cr. |
| RSI | 39.1 | MACD | -10.2 | Volume | 7,51,585 | Avg Vol 1Wk | 6,85,311 |
| Low price | 401 ₹ | High price | 1,336 ₹ | PEG Ratio | 0.82 | Debt to equity | 0.02 |
| 52w Index | 3.98 % | Qtr Profit Var | 8.13 % | EPS | 20.0 ₹ | Industry PE | 21.0 |
📊 Analysis: NEWGEN shows moderate intraday potential. Current price (₹438) is below DMA 50 (₹481) and DMA 200 (₹679), reflecting short-term and medium-term weakness. RSI at 39.1 indicates oversold territory, while MACD (-10.2) suggests bearish bias. Volume (7.5L) is slightly above the 1-week average (6.8L), providing liquidity. Fundamentals remain fair with EPS of ₹20.0, strong ROE (20.8%) and ROCE (26.2%), though institutional outflows and weak technicals raise caution.
💹 Optimal Buy Price: ₹435–440 only if sustained above VWAP with volume confirmation.
🎯 Profit Exit Levels: ₹450 (near resistance) and ₹460 (next resistance zone).
🛑 Stop-Loss: ₹425 (below intraday support).
⏱️ If Already Holding: Exit near ₹450–460 if momentum slows or RSI approaches 45 intraday. Cut positions if price breaks below ₹425 with rising volume pressure.
Positive
- Strong ROE (20.8%) and ROCE (26.2%) highlight operational efficiency.
- EPS of ₹20.0 supports valuation strength.
- Debt-to-equity ratio at 0.02 indicates negligible leverage.
- Quarterly PAT improved (₹79.8 Cr → ₹110 Cr).
Limitation
- Price trading below DMA 50 and DMA 200, showing technical weakness.
- RSI at 39.1 indicates oversold conditions but weak momentum.
- MACD negative (-10.2) suggests bearish bias.
- 52-week index at 3.98% highlights poor long-term performance.
Company Negative News
- FII (-2.86%) and DII (-0.83%) outflows highlight weaker institutional sentiment.
- Stock trading far below 52-week high (₹1,336 → ₹438).
Company Positive News
- Quarterly PAT growth (+8.13%) shows operational improvement.
- Strong fundamentals with high ROE and ROCE.
- Debt-free balance sheet supports financial stability.
Industry
- Industry P/E at 21.0, slightly higher than NEWGEN’s 19.7, suggesting fair valuation.
- IT and software sector remains growth-driven but cyclical with earnings volatility.
Conclusion
⚖️ NEWGEN offers moderate intraday trading potential with strong fundamentals but faces technical weakness and institutional outflows. Suitable only for cautious trades above ₹435 with profit targets near ₹450–460 and strict stop-loss at ₹425. Momentum indicators suggest limited upside with bearish bias.
Would you like me to extend this into a swing trade analysis with 1–2 week holding logic, or keep it strictly intraday-focused?