SHYAMMETL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.0
| Stock Code | SHYAMMETL | Market Cap | 27,240 Cr. | Current Price | 974 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 49.3 | Book Value | 231 ₹ | Dividend Yield | 0.46 % | ROCE | 12.3 % |
| ROE | 8.90 % | Face Value | 10.0 ₹ | DMA 50 | 874 ₹ | DMA 200 | 854 ₹ |
| Chg in FII Hold | -0.12 % | Chg in DII Hold | 0.30 % | PAT Qtr | 151 Cr. | PAT Prev Qtr | 98.4 Cr. |
| RSI | 70.6 | MACD | 31.1 | Volume | 11,57,030 | Avg Vol 1Wk | 11,90,111 |
| Low price | 746 ₹ | High price | 1,001 ₹ | PEG Ratio | 2.05 | Debt to equity | 0.05 |
| 52w Index | 89.5 % | Qtr Profit Var | 51.9 % | EPS | 19.8 ₹ | Industry PE | 22.1 |
📊 SHYAMMETL shows strong intraday potential. RSI at 70.6 indicates overbought conditions, while MACD (31.1) is strongly positive, suggesting bullish momentum. Current price (974 ₹) is well above both 50 DMA (874 ₹) and 200 DMA (854 ₹), reflecting strong short-term and medium-term strength. Volume (11.6L) is close to the 1-week average (11.9L), showing stable participation today.
💡 Optimal Buy Price: 965–970 ₹ (near support)
🎯 Profit-Taking Levels: 990–1,000 ₹ (resistance zone)
🛑 Stop-Loss: 950 ₹ (below support)
⏱ If already holding: Exit near 990–1,000 ₹ if momentum weakens or volume fails to sustain. If price breaks below 950 ₹ with strong selling pressure, consider intraday exit to protect capital.
Positive
- ✅ Strong ROCE at 12.3% and ROE at 8.9%
- ✅ EPS at 19.8 ₹ reflects solid earnings
- ✅ Quarterly PAT growth (151 Cr vs 98.4 Cr)
- ✅ Price trading above both 50 DMA and 200 DMA
- ✅ Low debt-to-equity ratio at 0.05
Limitation
- ⚠️ RSI at 70.6 indicates overbought conditions
- ⚠️ High P/E ratio of 49.3 compared to industry average (22.1)
- ⚠️ PEG ratio at 2.05 suggests expensive valuation relative to growth
Company Negative News
- 📉 Decline in FII holding (-0.12%) shows reduced foreign investor confidence
Company Positive News
- 📈 DII holding increased (+0.30%), showing domestic institutional support
- 📈 Quarterly profit variation at +51.9% indicates strong earnings momentum
Industry
- 🏦 Industry PE at 22.1 vs SHYAMMETL PE at 49.3 shows significant overvaluation
- 🏦 Metals sector remains cyclical but supported by infrastructure demand
Conclusion
⚖️ SHYAMMETL offers strong intraday trading potential with bullish signals from RSI, MACD, and price strength above key moving averages. Traders may attempt entries near 965–970 ₹ with profit targets around 990–1,000 ₹. However, overbought RSI and high valuation suggest cautious positioning with strict stop-losses.
Would you like me to extend this into a swing trade analysis for medium-term clarity, or refine the intraday trading plan further?