SHYAMMETL - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.7
| Stock Code | SHYAMMETL | Market Cap | 23,940 Cr. | Current Price | 857 ₹ | High / Low | 1,001 ₹ |
| Stock P/E | 47.8 | Book Value | 222 ₹ | Dividend Yield | 0.53 % | ROCE | 12.0 % |
| ROE | 8.48 % | Face Value | 10.0 ₹ | DMA 50 | 833 ₹ | DMA 200 | 852 ₹ |
| Chg in FII Hold | -0.44 % | Chg in DII Hold | 0.23 % | PAT Qtr | 98.4 Cr. | PAT Prev Qtr | 136 Cr. |
| RSI | 57.7 | MACD | 7.66 | Volume | 78,761 | Avg Vol 1Wk | 2,30,887 |
| Low price | 662 ₹ | High price | 1,001 ₹ | PEG Ratio | -3.19 | Debt to equity | 0.05 |
| 52w Index | 57.6 % | Qtr Profit Var | -17.2 % | EPS | 18.0 ₹ | Industry PE | 19.5 |
📊 Analysis: SHYAMMETL is trading at ₹857, above its 50 DMA (₹833) and slightly above its 200 DMA (₹852), showing near-term support. RSI at 57.7 indicates moderate bullish momentum, while MACD (7.66) confirms positive bias. However, current volume (78k) is significantly below the 1-week average (2.30 lakh), suggesting weak intraday participation. Fundamentals show decent EPS (₹18.0) and low debt-to-equity (0.05), but high P/E of 47.8 compared to industry PE of 19.5 and declining quarterly PAT (-17.2%) raise caution.
💡 Optimal Buy Price: ₹850–860 near DMA support.
🎯 Profit-Taking Exit Levels: ₹875–885 (short-term resistance zone).
🛑 Stop-Loss Protection: ₹840 (below immediate support).
⏱️ Intraday Exit Strategy: If already holding, consider exiting near ₹875–885 if RSI approaches 60 but fails to break higher or if volume momentum remains weak. Exit immediately if price breaks below ₹840 with strong selling pressure.
✅ Positive
- EPS of ₹18.0 with strong earnings base.
- Low debt-to-equity ratio of 0.05 indicates financial stability.
- Stock trading above both 50 DMA and 200 DMA support levels.
- DII holdings increased by 0.23%, showing domestic institutional support.
⚠️ Limitation
- High P/E of 47.8 compared to industry PE of 19.5.
- Volume significantly below average, reducing intraday momentum strength.
- ROE at 8.48% and ROCE at 12.0% reflect modest efficiency.
📉 Company Negative News
- Quarterly PAT declined from ₹136 Cr. to ₹98.4 Cr. (-17.2%).
- FII holdings decreased by 0.44%, showing reduced foreign investor confidence.
📈 Company Positive News
- Dividend yield of 0.53% provides investor returns.
- 52-week index at 57.6% highlights strong long-term performance.
- MACD positive, supporting short-term bullish bias.
🏭 Industry
- Industry PE at 19.5, much lower than SHYAMMETL’s PE, indicating overvaluation.
- Steel and metals sector remains cyclical but supported by infrastructure demand.
🔎 Conclusion
SHYAMMETL shows moderate technical strength with support near DMA levels but faces weak fundamentals due to declining profits and stretched valuations. Intraday traders can cautiously buy near ₹850–860 with a strict stop-loss at ₹840 and aim for exits around ₹875–885. Risk management is essential given low volume and high P/E, though positive MACD and low debt provide short-term bullish opportunities.