PRAJIND - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.9
| Stock Code | PRAJIND | Market Cap | 7,506 Cr. | Current Price | 408 ₹ | High / Low | 538 ₹ |
| Stock P/E | 47.6 | Book Value | 74.5 ₹ | Dividend Yield | 1.47 % | ROCE | 23.6 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 344 ₹ | DMA 200 | 372 ₹ |
| Chg in FII Hold | 0.42 % | Chg in DII Hold | -0.96 % | PAT Qtr | 37.1 Cr. | PAT Prev Qtr | 41.7 Cr. |
| RSI | 73.1 | MACD | 22.2 | Volume | 59,36,784 | Avg Vol 1Wk | 27,85,702 |
| Low price | 273 ₹ | High price | 538 ₹ | PEG Ratio | 2.24 | Debt to equity | 0.05 |
| 52w Index | 51.0 % | Qtr Profit Var | -33.4 % | EPS | 7.47 ₹ | Industry PE | 32.4 |
📈 Optimal Buy Price: 402–410 ₹
🎯 Profit-Taking Levels: 425–435 ₹
🛡️ Stop-Loss / Exit Zone: 395 ₹
⏳ Intraday Exit Guidance:
- Exit if price fails to sustain above 405 ₹ with declining volume.
- Book profits near 425–435 ₹ if RSI crosses 75 or momentum slows.
- Intraday exit if MACD weakens or RSI dips below 70 with fading participation.
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Positive
- Strong ROCE (23.6%) and ROE (18.2%) indicate efficient capital use.
- Low debt-to-equity ratio (0.05) ensures financial stability.
- Trading well above both 50 DMA (344 ₹) and 200 DMA (372 ₹).
- FII inflows (+0.42%) show foreign investor confidence.
Limitation
- RSI at 73.1 indicates overbought territory, risk of pullback.
- Quarterly PAT declined (37.1 Cr. vs 41.7 Cr., -33.4%).
- High P/E (47.6) compared to industry average (32.4).
- DII holdings reduced (-0.96%).
Company Negative News
- Profit contraction in latest quarter raises sustainability concerns.
- Elevated valuation multiples may limit upside.
Company Positive News
- Strong 52-week performance (+51%).
- Technical momentum supported by MACD (22.2) and high trading volume.
- Sectoral demand outlook remains favorable.
Industry
- Industry PE at 32.4, lower than company’s valuation.
- Sector growth driven by renewable energy and industrial demand.
- Competitive landscape with moderate valuation benchmarks.
Conclusion
PRAJIND is a momentum-driven intraday candidate with strong technical signals and institutional support. However, stretched valuations and declining quarterly profits warrant caution. Tactical trades are viable with strict stop-loss near 395 ₹ and profit exits around 425–435 ₹.
Would you like me to also prepare a sector overlay comparison against peers like Thermax and PI Industries, so you can benchmark PRAJIND’s intraday setup against industry leaders?