ELGIEQUIP - Swing Trade Analysis with AI Signals
Last Updated Time : 20 Dec 25, 07:01 am
Back to Swing Trade ListSwing Trade Rating: 3.4
| Stock Code | ELGIEQUIP | Market Cap | 14,942 Cr. | Current Price | 472 ₹ | High / Low | 614 ₹ |
| Stock P/E | 42.5 | Book Value | 57.9 ₹ | Dividend Yield | 0.47 % | ROCE | 28.4 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 491 ₹ | DMA 200 | 510 ₹ |
| Chg in FII Hold | -1.50 % | Chg in DII Hold | 1.01 % | PAT Qtr | 90.8 Cr. | PAT Prev Qtr | 81.5 Cr. |
| RSI | 38.5 | MACD | -5.06 | Volume | 2,17,353 | Avg Vol 1Wk | 3,57,074 |
| Low price | 390 ₹ | High price | 614 ₹ | PEG Ratio | 1.82 | Debt to equity | 0.01 |
| 52w Index | 36.4 % | Qtr Profit Var | -7.24 % | EPS | 11.1 ₹ | Industry PE | 39.1 |
📊 ELGIEQUIP shows moderate potential for swing trading. Current price (₹472) is below both 50 DMA (₹491) and 200 DMA (₹510), reflecting short-term bearish sentiment. RSI at 38.5 indicates oversold conditions, while MACD (-5.06) signals weak momentum. Fundamentals remain strong with ROCE (28.4%) and ROE (21.9%), supported by a debt-free balance sheet. Valuation is slightly stretched with a P/E of 42.5 compared to industry average of 39.1. Optimal entry would be near ₹460–₹470 if support holds. If already holding, exit near ₹495–₹510 resistance unless momentum strengthens further.
✅ Positive
- 📈 Strong ROCE (28.4%) and ROE (21.9%) show efficient capital use
- 📉 Debt-to-equity at 0.01 ensures financial stability
- 📊 EPS at ₹11.1 supports valuation strength
- 📈 Quarterly PAT growth from ₹81.5 Cr. to ₹90.8 Cr.
- 📊 DII holding increased (+1.01%), showing domestic investor confidence
⚠️ Limitation
- 📉 Current price below both 50 DMA and 200 DMA
- 📊 RSI oversold but MACD negative
- 📉 Quarterly profit variation at -7.24%
- ⚠️ FII holding decreased (-1.50%)
- 📉 Trading volume below weekly average
🚨 Company Negative News
- 📉 Profit variation shows decline (-7.24%)
- ⚠️ Weak technical indicators despite strong fundamentals
🌟 Company Positive News
- 📈 Strong fundamentals with high ROCE and ROE
- 📊 Debt-free balance sheet strengthens financial outlook
- 📈 Domestic institutional investors increasing stake
🏭 Industry
- 📊 Industry P/E at 39.1, close to company’s 42.5, suggesting fair valuation
- 📈 Capital goods sector has long-term growth potential with infrastructure expansion
📌 Conclusion
⚖️ ELGIEQUIP is a fair swing trade candidate with strong fundamentals but weak technical momentum. Entry is favorable near ₹460–₹470 on dips. For existing holders, exit near ₹495–₹510 resistance is advisable unless RSI and MACD show stronger recovery.
I can also outline ELGIEQUIP’s medium-term support and resistance zones to help you track swing opportunities beyond the immediate levels.
Back to Swing Trade ListNIFTY 50 - Today Top Swing Trade Stock Picks
NEXT 50 - Today Top Swing Trade Stock Picks
MIDCAP - Today Top Swing Trade Stock Picks
SMALLCAP - Today Top Swing Trade Stock Picks