RKFORGE - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | RKFORGE | Market Cap | 10,136 Cr. | Current Price | 562 ₹ | High / Low | 863 ₹ |
| Stock P/E | 40.6 | Book Value | 169 ₹ | Dividend Yield | 0.36 % | ROCE | 6.52 % |
| ROE | 10.9 % | Face Value | 2.00 ₹ | DMA 50 | 518 ₹ | DMA 200 | 587 ₹ |
| Chg in FII Hold | -1.66 % | Chg in DII Hold | 0.53 % | PAT Qtr | 19.9 Cr. | PAT Prev Qtr | 0.37 Cr. |
| RSI | 68.6 | MACD | 2.79 | Volume | 18,69,214 | Avg Vol 1Wk | 6,34,166 |
| Low price | 473 ₹ | High price | 863 ₹ | PEG Ratio | 2.89 | Debt to equity | 0.71 |
| 52w Index | 22.9 % | Qtr Profit Var | 30.6 % | EPS | 13.4 ₹ | Industry PE | 29.0 |
📊 Analysis: RKFORGE shows strong potential for intraday trading. Current price (₹562) is above 50 DMA (₹518) but slightly below 200 DMA (₹587), reflecting short-term bullish bias with medium-term caution. RSI at 68.6 indicates strong momentum but nearing overbought territory. MACD (2.79) is positive, confirming short-term bullishness. Volume is significantly higher than weekly average, supporting intraday liquidity. Fundamentals are mixed with modest ROCE (6.52%) and ROE (10.9%), but sequential PAT growth and strong EPS (₹13.4) provide earnings strength. Elevated P/E (40.6 vs industry 29.0) and PEG ratio (2.89) highlight valuation concerns.
💹 Optimal Buy Price: Around ₹555–₹562 (near support zone close to 50 DMA).
🎯 Profit-Taking Exit Levels: ₹575–₹585 (short-term resistance zone).
🛡️ Stop-Loss / Loss Protection: ₹545 (below intraday support).
⏱️ If Already Holding: Consider exiting if price fails to sustain above ₹560 or RSI crosses 70 intraday (indicating overbought). If momentum continues with strong volume, partial profit booking near ₹575–₹585 is advisable.
Positive
- Strong sequential PAT growth (₹0.37 Cr → ₹19.9 Cr).
- EPS of ₹13.4 supports earnings visibility.
- Price above 50 DMA, showing short-term bullish trend.
- Volume nearly 3x weekly average, supporting intraday liquidity.
- DII holding increased (+0.53%), showing domestic investor confidence.
Limitation
- Price below 200 DMA, reflecting medium-term weakness.
- RSI nearing overbought zone (68.6), limiting upside potential.
- High P/E (40.6) compared to industry average (29.0), showing overvaluation risk.
- PEG ratio (2.89) highlights expensive valuation relative to growth.
- ROCE (6.52%) and ROE (10.9%) reflect modest efficiency.
Company Negative News
- FII holding reduced (-1.66%), showing cautious foreign sentiment.
- Stock trading near lower end of 52-week range (Index 22.9%).
Company Positive News
- Quarterly PAT improved significantly (+30.6%).
- DII holding increased (+0.53%), reflecting domestic support.
Industry
- Industry P/E at 29.0, lower than RKFORGE’s valuation, highlighting relative overvaluation.
- Forging and engineering sector outlook supported by infrastructure and auto demand.
Conclusion
⚡ RKFORGE is a good candidate for intraday trading today. Strong volume, positive MACD, and price above 50 DMA support bullish bias, though caution is warranted given overvaluation and RSI nearing overbought. Optimal strategy: Buy near ₹555–₹562, book profits around ₹575–₹585, and protect downside with stop-loss at ₹545.
Would you like me to also prepare a peer benchmarking overlay comparing RKFORGE with other forging/engineering peers like Bharat Forge, so you can evaluate relative intraday strength within the sector?