PREMIERENE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 2.9
| Stock Code | PREMIERENE | Market Cap | 39,202 Cr. | Current Price | 865 ₹ | High / Low | 1,164 ₹ |
| Stock P/E | 255 | Book Value | 41.2 ₹ | Dividend Yield | 0.12 % | ROCE | 12.4 % |
| ROE | 9.49 % | Face Value | 1.00 ₹ | DMA 50 | 790 ₹ | DMA 200 | 900 ₹ |
| Chg in FII Hold | 0.25 % | Chg in DII Hold | -0.54 % | PAT Qtr | 12.6 Cr. | PAT Prev Qtr | 55.1 Cr. |
| RSI | 70.4 | MACD | 23.3 | Volume | 26,10,511 | Avg Vol 1Wk | 34,55,119 |
| Low price | 660 ₹ | High price | 1,164 ₹ | PEG Ratio | 2.97 | Debt to equity | 0.01 |
| 52w Index | 40.6 % | Qtr Profit Var | -65.0 % | EPS | 3.41 ₹ | Industry PE | 24.2 |
📊 Analysis: PREMIERENE shows weak suitability for intraday trading today. RSI at 70.4 indicates overbought conditions, while MACD (23.3) is positive but stretched, suggesting potential exhaustion. Current price (₹865) is above 50 DMA (₹790) but below 200 DMA (₹900), reflecting short-term strength but long-term resistance. Volume (26.1 lakh) is below average weekly volume, showing reduced participation. Profit decline (-65% QoQ) adds caution.
💡 Optimal Buy Price: ₹855–₹865 if momentum sustains.
🎯 Profit-Taking Levels: ₹880–₹895 (near resistance).
🛡️ Stop-Loss: ₹845 to limit downside risk.
⏱️ If Already Holding: Exit near ₹880–₹895 if momentum slows. If price breaks below ₹845 with strong volume, consider closing positions quickly.
✅ Positive
- Low debt-to-equity ratio (0.01), ensuring financial stability.
- Dividend yield of 0.12% provides minimal income support.
- ROCE 12.4% and ROE 9.49% show moderate efficiency.
⚠️ Limitation
- Extremely high P/E (255) compared to industry average (24.2).
- EPS only ₹3.41, weak relative to valuation.
- Volume below average, reducing intraday conviction.
📉 Company Negative News
- Quarterly PAT dropped sharply from ₹55.1 Cr. to ₹12.6 Cr. (-65%).
- DII holding decreased (-0.54%).
📈 Company Positive News
- FII holding increased slightly (+0.25%).
- Stock trading above 50 DMA, showing short-term support.
🏭 Industry
- Industry PE at 24.2, making PREMIERENE significantly overvalued.
- Sector outlook remains steady, but valuations are stretched.
🔎 Conclusion
PREMIERENE is not an ideal intraday candidate today due to overbought RSI, weak earnings, and stretched valuation. Traders may attempt quick trades near ₹855–₹865 with exits around ₹880–₹895, but risk is high. Long-term investors should be cautious given sharp profit decline and expensive valuation.