WELCORP - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.3
| Stock Code | WELCORP | Market Cap | 21,471 Cr. | Current Price | 814 ₹ | High / Low | 995 ₹ |
| Stock P/E | 28.4 | Book Value | 180 ₹ | Dividend Yield | 0.61 % | ROCE | 18.2 % |
| ROE | 13.5 % | Face Value | 5.00 ₹ | DMA 50 | 791 ₹ | DMA 200 | 822 ₹ |
| Chg in FII Hold | -0.34 % | Chg in DII Hold | -0.34 % | PAT Qtr | 161 Cr. | PAT Prev Qtr | 231 Cr. |
| RSI | 60.5 | MACD | -4.73 | Volume | 4,43,392 | Avg Vol 1Wk | 8,12,667 |
| Low price | 664 ₹ | High price | 995 ₹ | PEG Ratio | 11.2 | Debt to equity | 0.21 |
| 52w Index | 45.3 % | Qtr Profit Var | 3.28 % | EPS | 47.4 ₹ | Industry PE | 19.5 |
📊 Analysis: WELCORP is trading at ₹814, slightly above its 50 DMA (₹791) but below the 200 DMA (₹822), showing mixed technical signals. RSI (60.5) indicates mild bullish momentum, while MACD (-4.73) suggests short-term weakness. Intraday volume (4.4 lakh) is lower than the 1-week average (8.1 lakh), reducing conviction. Fundamentals are decent with ROCE (18.2%) and ROE (13.5%), but quarterly PAT has declined. Overall, the stock shows moderate potential for intraday trading today.
💡 Optimal Buy Price: ₹805–₹815 if price consolidates near support.
🎯 Profit-Taking Exit Levels: ₹830–₹845 (short-term resistance zone).
🛡️ Stop-Loss Protection: ₹795 (below recent support).
⏱️ If Already Holding: Consider exiting intraday if price fails to sustain above ₹825 or if RSI dips below 58 with weak volume. Quick profit booking is advisable given mixed momentum signals.
✅ Positive
- Stock trading above 50 DMA, showing short-term strength.
- Strong ROCE (18.2%) and ROE (13.5%) indicate efficient capital use.
- Dividend yield of 0.61% adds investor confidence.
- EPS of ₹47.4 reflects solid earnings base.
⚠️ Limitation
- Price trading below 200 DMA, showing medium-term weakness.
- Quarterly PAT declined to ₹161 Cr from ₹231 Cr.
- Intraday volume weaker than average, limiting momentum.
- PEG ratio of 11.2 indicates expensive valuation relative to growth.
📉 Company Negative News
- FII holdings reduced (-0.34%).
- DII holdings reduced (-0.34%).
- MACD remains negative, signaling short-term weakness.
📈 Company Positive News
- Quarterly profit variation (+3.28%) shows marginal improvement sequentially.
- Stock trading above 50 DMA, reflecting short-term support.
🏭 Industry
- Industry PE is 19.5, lower than WELCORP’s P/E (28.4), suggesting premium pricing.
- Steel and infrastructure sector demand remains cyclical but supported by government projects.
🔎 Conclusion
WELCORP shows moderate potential for intraday trading today with short-term strength above 50 DMA but weak volume and negative MACD. Traders may attempt cautious scalps near support with tight stop-losses, but risk-reward is only moderately favorable for intraday positions.