ELGIEQUIP - Swing Trade Analysis with AI Signals
Back to List📊 Swing Trade Rating: 3.9
| Stock Code | ELGIEQUIP | Market Cap | 17,555 Cr. | Current Price | 554 ₹ | High / Low | 608 ₹ |
| Stock P/E | 47.4 | Book Value | 57.9 ₹ | Dividend Yield | 0.40 % | ROCE | 28.4 % |
| ROE | 21.9 % | Face Value | 1.00 ₹ | DMA 50 | 515 ₹ | DMA 200 | 503 ₹ |
| Chg in FII Hold | -0.91 % | Chg in DII Hold | 1.00 % | PAT Qtr | 99.1 Cr. | PAT Prev Qtr | 90.8 Cr. |
| RSI | 62.3 | MACD | 16.7 | Volume | 1,89,976 | Avg Vol 1Wk | 3,74,656 |
| Low price | 408 ₹ | High price | 608 ₹ | PEG Ratio | 2.03 | Debt to equity | 0.01 |
| 52w Index | 73.0 % | Qtr Profit Var | 23.7 % | EPS | 11.4 ₹ | Industry PE | 39.9 |
Analyzing ELGIEQUIP, the stock shows strong fundamentals with high ROCE (28.4%), ROE (21.9%), very low debt-to-equity (0.01), and consistent profit growth. Technical indicators (RSI 62.3, MACD positive) suggest bullish momentum, though RSI indicates mildly overbought conditions. The current price (₹554) is above both 50 DMA (₹515) and 200 DMA (₹503), showing strength. Optimal entry would be around ₹530–545 near support. If already holding, consider exiting near resistance at ₹590–600 or if the stock falls below ₹520.
✅ Positive
- Strong ROCE (28.4%) and ROE (21.9%) reflect efficient capital use.
- Debt-to-equity ratio of 0.01 indicates excellent financial stability.
- Quarterly PAT growth (₹99.1 Cr. vs ₹90.8 Cr.) shows earnings strength.
- DII holdings increased (+1.00%), showing domestic institutional support.
⚠️ Limitation
- P/E ratio of 47.4 is higher than industry average (39.9), suggesting premium valuation.
- RSI at 62.3 indicates mildly overbought levels.
- PEG ratio of 2.03 suggests valuation is stretched relative to growth.
- Volume below weekly average, reducing conviction in momentum.
📉 Company Negative News
- FII holdings decreased (-0.91%), showing reduced foreign investor confidence.
- Premium valuation compared to peers may limit upside potential.
📈 Company Positive News
- Quarterly PAT rose to ₹99.1 Cr. from ₹90.8 Cr.
- DII holdings increased (+1.00%), reinforcing domestic support.
- EPS of ₹11.4 reflects profitability strength.
🏭 Industry
- Industry PE is 39.9, lower than company PE, indicating ELGIEQUIP trades at a premium.
- Capital goods sector remains strong, supported by industrial demand and infrastructure growth.
🔎 Conclusion
ELGIEQUIP is a good candidate for swing trading with strong fundamentals and bullish technicals. Entry around ₹530–545 is favorable, with exit targets near ₹590–600. Traders should be cautious of overvaluation and maintain strict stop-losses below ₹520. Overall, the stock offers a solid short-term opportunity with manageable risk.