ACMESOLAR - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.3
| Stock Code | ACMESOLAR | Market Cap | 18,094 Cr. | Current Price | 299 ₹ | High / Low | 324 ₹ |
| Stock P/E | 349 | Book Value | 76.2 ₹ | Dividend Yield | 0.07 % | ROCE | 7.63 % |
| ROE | 5.18 % | Face Value | 2.00 ₹ | DMA 50 | 270 ₹ | DMA 200 | 253 ₹ |
| Chg in FII Hold | -0.43 % | Chg in DII Hold | 0.18 % | PAT Qtr | 31.7 Cr. | PAT Prev Qtr | 29.4 Cr. |
| RSI | 60.3 | MACD | 13.0 | Volume | 9,18,066 | Avg Vol 1Wk | 9,12,865 |
| Low price | 196 ₹ | High price | 324 ₹ | PEG Ratio | 6.32 | Debt to equity | 0.64 |
| 52w Index | 80.1 % | Qtr Profit Var | 2,394 % | EPS | 0.88 ₹ | Industry PE | 31.0 |
ACME Solar shows moderate potential for swing trading. The stock has strong momentum with price above both 50 DMA and 200 DMA, supported by RSI at 60.3 and positive MACD. However, valuation is stretched with a P/E of 349 compared to industry 31, and fundamentals (ROE 5.18%, ROCE 7.63%) remain weak. Short-term trades are possible, but risk management is essential.
🎯 Optimal Entry Price
Entry around 285–295 ₹ (near support zone close to 50 DMA) is preferable for swing trades.
🚪 Exit Strategy
If already holding, consider exiting near 315–320 ₹ resistance zone, or cut losses if price falls below 280 ₹.
✅ Positive
- Strong price momentum above DMA 50 and DMA 200.
- Quarterly PAT improved slightly (31.7 Cr vs 29.4 Cr).
- Healthy trading volume, in line with weekly average.
- PEG ratio of 6.32 indicates growth potential despite valuation.
⚠️ Limitation
- Extremely high P/E (349 vs industry 31).
- Weak ROE (5.18%) and ROCE (7.63%).
- Low dividend yield (0.07%).
- Book value (76.2 ₹) far below current price (299 ₹).
📰 Company Negative News
- FII holdings decreased (-0.43%), showing reduced foreign confidence.
- High debt-to-equity ratio (0.64) compared to peers.
🌟 Company Positive News
- Quarterly PAT growth continues, albeit modest.
- DII holdings increased (+0.18%), showing domestic support.
- Strong technical momentum with RSI above 60 and MACD positive.
🏭 Industry
- Industry P/E is 31, highlighting ACME Solar’s overvaluation.
- Renewable energy sector remains in growth phase, attracting investor interest.
📌 Conclusion
ACME Solar offers short-term swing trade opportunities due to strong technical momentum, but stretched valuation and weak fundamentals limit upside. Entry near 285–295 ₹ with exit around 315–320 ₹ is advisable, with strict stop-loss discipline below 280 ₹.