PETRONET - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.2
| Stock Code | PETRONET | Market Cap | 44,558 Cr. | Current Price | 297 ₹ | High / Low | 326 ₹ |
| Stock P/E | 12.4 | Book Value | 137 ₹ | Dividend Yield | 3.36 % | ROCE | 26.2 % |
| ROE | 21.4 % | Face Value | 10.0 ₹ | DMA 50 | 282 ₹ | DMA 200 | 287 ₹ |
| Chg in FII Hold | -1.73 % | Chg in DII Hold | 1.80 % | PAT Qtr | 806 Cr. | PAT Prev Qtr | 851 Cr. |
| RSI | 60.7 | MACD | 2.72 | Volume | 45,75,789 | Avg Vol 1Wk | 30,13,552 |
| Low price | 264 ₹ | High price | 326 ₹ | PEG Ratio | 2.41 | Debt to equity | 0.12 |
| 52w Index | 53.2 % | Qtr Profit Var | -4.94 % | EPS | 24.0 ₹ | Industry PE | 19.5 |
📊 Analysis: PETRONET is trading at ₹297, above both its 50 DMA (₹282) and 200 DMA (₹287), showing short-term strength. RSI at 60.7 indicates mildly overbought conditions, while MACD (2.72) confirms bullish momentum. Volume is significantly higher than the weekly average, suggesting strong intraday participation. Fundamentals remain solid, making it a good candidate for intraday trading with disciplined entries and exits.
💡 Optimal Buy Price: ₹294–296 (near support zone, risk-managed entry).
🎯 Profit-Taking Levels: ₹302–305 (first resistance), ₹312 (secondary resistance if momentum sustains).
🛡️ Stop-Loss / Loss Protection: ₹290 (below intraday support).
⏱️ If Already Holding: Exit near ₹302–305 if momentum stalls. If price sustains above ₹305 with strong volume, hold for ₹312. Exit immediately if price breaks below ₹290 with heavy selling pressure.
Positive
- Trading above both 50 DMA and 200 DMA confirms bullish trend.
- Strong ROCE (26.2%) and ROE (21.4%) indicate efficient capital use.
- Dividend yield of 3.36% adds investor appeal.
- EPS at ₹24.0 reflects consistent profitability.
- DII holding increased (+1.80%), showing domestic institutional support.
Limitation
- RSI at 60.7 indicates mildly overbought conditions, limiting upside.
- PEG ratio at 2.41 suggests expensive growth valuation.
- Quarterly profit variation at -4.94% highlights earnings pressure.
Company Negative News
- Quarterly PAT declined to ₹806 Cr. vs ₹851 Cr. previously.
- FII holding decreased (-1.73%), showing reduced foreign investor confidence.
Company Positive News
- Strong fundamentals with high ROCE and ROE support long-term outlook.
- DII holding increased (+1.80%), reflecting domestic institutional support.
- Dividend yield provides steady investor returns.
Industry
- Industry PE at 19.5, higher than PETRONET’s 12.4, suggesting undervaluation.
- Energy and gas sector remains growth-oriented, supported by rising demand and infrastructure expansion.
Conclusion
⚖️ PETRONET presents a strong intraday opportunity with bullish technicals and solid fundamentals. Entry near ₹294–296 with exit around ₹302–305 is advisable. If momentum sustains, ₹312 is achievable. Strict stop-loss at ₹290 ensures risk management. Suitable for disciplined intraday traders seeking steady gains.