SOLARINDS - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 4.3
| Stock Code | SOLARINDS | Market Cap | 1,22,314 Cr. | Current Price | 13,591 ₹ | High / Low | 17,820 ₹ |
| Stock P/E | 114 | Book Value | 387 ₹ | Dividend Yield | 0.07 % | ROCE | 37.3 % |
| ROE | 29.7 % | Face Value | 2.00 ₹ | DMA 50 | 13,056 ₹ | DMA 200 | 13,204 ₹ |
| Chg in FII Hold | -0.37 % | Chg in DII Hold | 0.01 % | PAT Qtr | 329 Cr. | PAT Prev Qtr | 235 Cr. |
| RSI | 57.2 | MACD | 208 | Volume | 2,84,934 | Avg Vol 1Wk | 2,82,055 |
| Low price | 8,479 ₹ | High price | 17,820 ₹ | PEG Ratio | 2.52 | Debt to equity | 0.05 |
| 52w Index | 54.7 % | Qtr Profit Var | 61.2 % | EPS | 118 ₹ | Industry PE | 23.3 |
📊 Analysis: SOLARINDS is trading at ₹13,591, above both its 50 DMA (₹13,056) and 200 DMA (₹13,204), reflecting strong technical support. RSI at 57.2 indicates healthy momentum without being overbought, while MACD (208) confirms strong bullish bias. Current volume (2.85 lakh) is slightly above the 1-week average (2.82 lakh), showing consistent intraday participation. Fundamentals are robust with EPS of ₹118, ROCE at 37.3%, and ROE at 29.7%, though valuations are stretched with a P/E of 114 compared to industry PE of 23.3.
💡 Optimal Buy Price: ₹13,550–13,600 near DMA support.
🎯 Profit-Taking Exit Levels: ₹13,750–13,850 (short-term resistance zone).
🛑 Stop-Loss Protection: ₹13,450 (below immediate support).
⏱️ Intraday Exit Strategy: If already holding, consider exiting near ₹13,750–13,850 if RSI approaches 60–62 or if volume momentum weakens. Exit immediately if price breaks below ₹13,450 with strong selling pressure.
✅ Positive
- EPS of ₹118 with strong profitability.
- ROCE at 37.3% and ROE at 29.7% highlight excellent efficiency.
- Debt-to-equity ratio of 0.05 indicates virtually debt-free balance sheet.
- Quarterly PAT improved from ₹235 Cr. to ₹329 Cr. (+61.2%).
- Volume slightly above average, supporting intraday momentum.
⚠️ Limitation
- High P/E of 114 compared to industry PE of 23.3.
- PEG ratio of 2.52 suggests expensive valuation relative to growth.
- Dividend yield at only 0.07%, limiting investor returns.
📉 Company Negative News
- FII holdings decreased by 0.37%, showing reduced foreign investor confidence.
📈 Company Positive News
- Quarterly PAT growth highlights strong earnings momentum.
- DII holdings increased slightly by 0.01%, showing domestic support.
- 52-week index at 54.7% highlights long-term resilience.
🏭 Industry
- Industry PE at 23.3, much lower than SOLARINDS’s PE, indicating overvaluation.
- Explosives and defense sector remains in demand with strong infrastructure and defense spending outlook.
🔎 Conclusion
SOLARINDS shows strong fundamentals and bullish technicals, making it a good intraday candidate. Traders can consider buying near ₹13,550–13,600 with a strict stop-loss at ₹13,450 and aim for exits around ₹13,750–13,850. Risk management is essential given stretched valuations and slight FII weakness, but strong profitability, efficiency, and volume favor short-term bullish opportunities.