BIKAJI - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.5
| Stock Code | BIKAJI | Market Cap | 16,496 Cr. | Current Price | 657 ₹ | High / Low | 821 ₹ |
| Stock P/E | 63.2 | Book Value | 61.4 ₹ | Dividend Yield | 0.15 % | ROCE | 20.1 % |
| ROE | 16.0 % | Face Value | 1.00 ₹ | DMA 50 | 701 ₹ | DMA 200 | 723 ₹ |
| Chg in FII Hold | -1.42 % | Chg in DII Hold | 1.85 % | PAT Qtr | 64.7 Cr. | PAT Prev Qtr | 84.5 Cr. |
| RSI | 35.6 | MACD | -17.3 | Volume | 50,443 | Avg Vol 1Wk | 1,79,706 |
| Low price | 520 ₹ | High price | 821 ₹ | PEG Ratio | 1.64 | Debt to equity | 0.16 |
| 52w Index | 45.5 % | Qtr Profit Var | 110 % | EPS | 10.1 ₹ | Industry PE | 52.9 |
📊 Bikaji Foods shows weak short-term momentum but has solid fundamentals for medium-term holding. The stock is trading below both its 50 DMA (701 ₹) and 200 DMA (723 ₹), with RSI at 35.6 indicating oversold conditions. MACD is negative, confirming bearish sentiment. Despite this, strong ROCE (20.1%) and ROE (16.0%) highlight efficiency, and low debt-to-equity (0.16) adds stability. The optimal entry price would be around 630–640 ₹, closer to support levels. If already holding, consider exiting near 700–710 ₹ once recovery signs appear.
✅ Positive
- Strong ROCE (20.1%) and ROE (16.0%) show efficient capital use.
- Debt-to-equity ratio at 0.16 indicates very low leverage risk.
- Quarterly profit variation at 110% highlights growth potential.
- DII holdings increased by 1.85%, showing domestic institutional confidence.
⚠️ Limitation
- High P/E of 63.2 compared to industry average of 52.9.
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
- RSI at 35.6 and MACD negative, showing bearish short-term trend.
- FII holdings decreased by 1.42%, indicating reduced foreign interest.
📉 Company Negative News
- Quarterly PAT declined from 84.5 Cr. to 64.7 Cr., showing margin pressure.
- Weak trading volume compared to weekly average, suggesting low participation.
📈 Company Positive News
- Strong long-term fundamentals with consistent ROCE and ROE.
- Domestic institutional investors increasing stake.
- Healthy EPS of 10.1 ₹ supports earnings strength.
🏭 Industry
- Industry PE at 52.9, lower than Bikaji’s valuation, indicating premium pricing.
- Packaged food sector growing steadily with rising demand for branded snacks.
- Competitive landscape with Haldiram, ITC, and regional players.
🔎 Conclusion
Bikaji Foods is a cautious candidate for swing trading. Entry around 630–640 ₹ is optimal, while exit should be targeted near 700–710 ₹. Short-term indicators remain weak, but strong fundamentals and low debt provide medium-term support. Traders should wait for momentum reversal before aggressive entry.