PRAJIND - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.2
| Stock Code | PRAJIND | Market Cap | 5,382 Cr. | Current Price | 293 ₹ | High / Low | 640 ₹ |
| Stock P/E | 30.5 | Book Value | 74.5 ₹ | Dividend Yield | 2.05 % | ROCE | 23.6 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 313 ₹ | DMA 200 | 401 ₹ |
| Chg in FII Hold | -0.21 % | Chg in DII Hold | -1.19 % | PAT Qtr | 41.7 Cr. | PAT Prev Qtr | 20.0 Cr. |
| RSI | 45.5 | MACD | -9.71 | Volume | 11,50,171 | Avg Vol 1Wk | 8,31,511 |
| Low price | 273 ₹ | High price | 640 ₹ | PEG Ratio | 1.44 | Debt to equity | 0.05 |
| 52w Index | 5.41 % | Qtr Profit Var | -28.0 % | EPS | 9.59 ₹ | Industry PE | 29.7 |
📊 Analysis: PRAJIND shows mixed signals for intraday trading. Current price (₹293) is below both 50 DMA (₹313) and 200 DMA (₹401), reflecting bearish bias. RSI at 45.5 indicates neutral-to-weak momentum, while MACD (-9.71) confirms short-term weakness. Volume is higher than weekly average, offering liquidity for intraday trades. Fundamentals remain strong with ROCE (23.6%) and ROE (18.2%), but recent profit variation (-28%) and institutional selling weigh on sentiment.
💹 Optimal Buy Price: Around ₹288–₹292 (near support zone close to 52-week low range).
🎯 Profit-Taking Exit Levels: ₹300–₹305 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹285 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹290 or RSI drops below 40 intraday. If momentum improves with volume, partial profit booking near ₹300–₹305 is advisable.
Positive
- Strong ROCE (23.6%) and ROE (18.2%) reflect efficient capital use.
- Low debt-to-equity (0.05) ensures financial stability.
- Dividend yield of 2.05% adds investor confidence.
- Volume higher than weekly average, supporting intraday liquidity.
Limitation
- Price trading below both 50 DMA and 200 DMA, showing bearish trend.
- MACD negative (-9.71) indicates short-term weakness.
- 52-week index at 5.41% shows stock near lows, limiting upside momentum.
Company Negative News
- Quarterly profit variation (-28%) indicates earnings pressure.
- FII holding reduced (-0.21%) and DII holding reduced (-1.19%), showing institutional caution.
Company Positive News
- PAT improved sequentially (₹20 Cr → ₹41.7 Cr).
- EPS of ₹9.59 supports valuation strength.
Industry
- Industry P/E at 29.7, close to PRAJIND’s P/E (30.5), showing fair valuation alignment.
- Industrial and engineering sector benefits from infrastructure and renewable energy demand.
Conclusion
⚠️ PRAJIND is a moderate candidate for intraday trading today. While fundamentals are strong and liquidity is supportive, technicals remain weak with price below DMA levels and negative MACD. Traders should adopt a cautious approach: Buy near ₹288–₹292, book profits around ₹300–₹305, and protect downside with stop-loss at ₹285.
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