ASHOKLEY - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 4.2
| Stock Code | ASHOKLEY | Market Cap | 1,18,018 Cr. | Current Price | 201 ₹ | High / Low | 205 ₹ |
| Stock P/E | 34.6 | Book Value | 19.6 ₹ | Dividend Yield | 1.56 % | ROCE | 36.5 % |
| ROE | 31.4 % | Face Value | 1.00 ₹ | DMA 50 | 178 ₹ | DMA 200 | 147 ₹ |
| Chg in FII Hold | 0.09 % | Chg in DII Hold | 0.14 % | PAT Qtr | 801 Cr. | PAT Prev Qtr | 594 Cr. |
| RSI | 67.3 | MACD | 5.93 | Volume | 2,29,57,436 | Avg Vol 1Wk | 1,49,32,714 |
| Low price | 95.2 ₹ | High price | 205 ₹ | PEG Ratio | 0.09 | Debt to equity | 0.12 |
| 52w Index | 96.1 % | Qtr Profit Var | 16.2 % | EPS | 5.74 ₹ | Industry PE | 39.9 |
📊 ASHOKLEY shows strong potential for swing trading. The current price (201 ₹) is near its 52-week high (205 ₹) and well above both the 50 DMA (178 ₹) and 200 DMA (147 ₹), reflecting strong bullish momentum. RSI at 67.3 indicates the stock is approaching overbought territory, while MACD (5.93) confirms positive momentum. Fundamentals are robust with ROCE (36.5%) and ROE (31.4%), supported by low debt-to-equity (0.12). Quarterly PAT growth (801 Cr vs 594 Cr, +16.2%) adds strength, though valuation is slightly stretched with P/E (34.6 vs industry 39.9).
✅ Optimal Entry Price: Around 190–195 ₹ (near support zone close to 50 DMA).
📈 Exit Strategy: If already holding, consider exiting near 205–210 ₹ (recent highs) or set a stop-loss below 185 ₹.
Positive
- Strong ROCE (36.5%) and ROE (31.4%) indicate excellent efficiency and profitability.
- Quarterly PAT growth (+16.2%) supports earnings momentum.
- EPS of 5.74 ₹ reflects consistent profitability.
- Low debt-to-equity ratio (0.12) ensures financial stability.
- Institutional support with FII (+0.09%) and DII (+0.14%) increases.
- High trading volume (2.29 Cr) compared to average weekly volume (1.49 Cr) shows strong liquidity.
Limitation
- RSI (67.3) indicates the stock is nearing overbought territory.
- P/E ratio (34.6) is slightly high compared to book value (19.6 ₹).
- Dividend yield of 1.56% is modest.
Company Negative News
- No major external negative news reported, but overbought technicals raise caution.
Company Positive News
- Quarterly PAT growth (801 Cr vs 594 Cr) highlights operational improvement.
- Strong fundamentals with low debt and high efficiency ratios.
Industry
- Industry P/E at 39.9 is slightly higher than company’s P/E (34.6), suggesting fair valuation.
- Automobile and commercial vehicle sector benefits from infrastructure growth and rising demand.
Conclusion
⚖️ ASHOKLEY is a strong swing trade candidate with excellent fundamentals, strong momentum, and institutional support. Entry near 190–195 ₹ offers a favorable risk-reward setup. Exit near 205–210 ₹ is advisable if already holding. Traders should remain cautious of overbought conditions and use strict stop-loss discipline.