COHANCE - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.3
| Stock Code | COHANCE | Market Cap | 11,445 Cr. | Current Price | 299 ₹ | High / Low | 1,250 ₹ |
| Stock P/E | 33.8 | Book Value | 115 ₹ | Dividend Yield | 0.00 % | ROCE | 16.0 % |
| ROE | 12.5 % | Face Value | 1.00 ₹ | DMA 50 | 363 ₹ | DMA 200 | 641 ₹ |
| Chg in FII Hold | -0.50 % | Chg in DII Hold | 0.76 % | PAT Qtr | 50.8 Cr. | PAT Prev Qtr | 94.3 Cr. |
| RSI | 40.1 | MACD | -16.0 | Volume | 3,61,618 | Avg Vol 1Wk | 8,19,403 |
| Low price | 267 ₹ | High price | 1,250 ₹ | PEG Ratio | -1.64 | Debt to equity | 0.05 |
| 52w Index | 3.31 % | Qtr Profit Var | -67.0 % | EPS | 9.90 ₹ | Industry PE | 27.2 |
📊 COHANCE shows limited potential for swing trading. The RSI at 40.1 indicates oversold conditions, suggesting possible rebound, but MACD (-16.0) reflects bearish momentum. Valuation is expensive with a P/E of 33.8 compared to industry PE of 27.2, and a negative PEG ratio (-1.64) signals poor growth-adjusted value. ROCE (16.0%) and ROE (12.5%) are modest, while quarterly PAT declined sharply (₹94.3 Cr. to ₹50.8 Cr.). Institutional activity is mixed, with FII holdings down (-0.50%) and DII holdings up (+0.76%).
💡 Optimal Entry Price: Around ₹290–295, near support levels and below the 50 DMA (₹363).
📈 Exit Strategy (if already holding): Consider booking profits near ₹355–365, aligning with the 50 DMA resistance zone.
✅ Positive
- Debt-to-equity ratio of 0.05 indicates very low leverage.
- DII holdings increased (+0.76%), showing domestic institutional support.
- EPS of ₹9.90 provides some earnings stability.
⚠️ Limitation
- High P/E (33.8) compared to industry average (27.2).
- Negative PEG ratio (-1.64) highlights poor growth-adjusted valuation.
- Quarterly PAT declined sharply (-67%).
- ROCE (16.0%) and ROE (12.5%) are modest compared to peers.
- Trading volume below weekly average, indicating weaker momentum.
📉 Company Negative News
- No major negative news reported, but sharp earnings decline and weak valuation remain concerns.
📈 Company Positive News
- Debt-free balance sheet enhances financial stability.
- DII inflows reflect domestic confidence despite weak earnings.
🏭 Industry
- Industry PE is 27.2, lower than COHANCE’s 33.8, suggesting relative overvaluation.
- Chemicals and specialty sector benefits from industrial demand but faces cyclical pressures and margin volatility.
🔎 Conclusion
COHANCE is a cautious candidate for swing trading with entry near ₹290–295 and exit around ₹355–365. While low debt and DII support are positives, high valuation, sharp earnings decline, and bearish technicals limit upside. Suitable only for traders seeking speculative rebound opportunities with strict risk management.